My hunch is that 11,000 is going to be very hard to break convincingly, OR AT ALL...
Any "bad news" could send the markets into a bout of navel gazing again...and that could last until the end of the year...
Look at Google today...? Reality Time?
Furthermore, at some point the "news cycle" will reassert itself...and that could be bad for the bulls because 2006 is NOT going to be a "cake walk" by any means. And the underlying news has not been that good...eg the corporate bankruptcies, etal.