Sorry I didn't post since Monday, but I had to take some time off because of some lesbian sex.

Hmmmmm. The QQQ at 34.55, NTES at 36.25
As I was glancing over the IBD tonight in a local bookstore, I read that the market is in a confirmed rally. I don't agree, but it all depends on your time frame. But they also said it is important to look for the high volume days and which direction they take the market. That is 100% true. There hasn't been much volume with this rally. This, along with the down sloping trend of the market since January is evidence that the rally won't last and that the markets will continue back down. But we have to wait to see the volume.
It is important to keep an open mind and to minimize your risk and to try not to fight the tape.
If you want to short, wait until you see a clear reversal. If you want to buy, wait until you see the volume.
The chinese internet stocks had a rally with volume. The volume is there - now watch which way it takes them. It is either big money buying to sell higher or big money shorting to the public at the top of this rally.