Coca-Cola, the world's largest beverage company, moved to expand its operations in the fast-growing Chinese market Wednesday with a $2.5 billion bid for major juicemaker China Huiyuan Juice Group.

Since opening this Monday, the bulls have taken flight at Dow Jones and the index is descending steadily towards March lows of 11850. As I mentioned before, if investors can or are willing to hold the fort here, we can look forward to a sustained upswing for the next week or so, barring unforeseen disasters.