If this is a repeat of 7/30/2007, this rebound still has leg and can gain another 9% from this point on (bring it to $125 level, and surprise many people), and may last about 2 months. I am watching potential breakout of those red resistant lines for confirmation.
Note this is only ONE of many possible outcomes given market volatility. Even this is materialized, it may still be a counter trend rally and may be the start of another BIGGER drop. So play it safe.