More Bailout Rumors

We got a bailout rumor about an hour ago and it bumped the market to intraday highs, and it has been steadily downhill ever since.   My feeling is that traders will be disappointed with the announced plan.  Both the longs and shorts are nervous at this point, but the intermediate trend is now down.  I don't see a sustained rally until we see more of a washout.  The action reeks of hopeful bulls spiking up the market anytime there are bailout rumors.  I remain short until I see more fear.