Only to watch the past two days is ot enough to gain the idea where we are heading in the coming days/weeks. look here and watch the volume: http://bitcoincharts.com/charts/mtgoxUSD#rg360zigDailyztgSzbgBza1gEMAzm1g10za2gEMAzm2g21zi2gRSIzi3gStochRSIzvzcvzps
The past days have indeed been of extraordinary volume. This went along with rising prices, so I think we are heading upwards, unless somone with 500k BTC decides to crash the market..