Short cover rally?

Financial are up like crazy today. Could it be a short cover rally? I hope so. Won't be long before sellers get back IMO. My portfolio dropped a lot due to my financial puts. Been reading some forums and learned these investment terms from investopedia

Short squeeze - situation in which a lack of supply and an excess demand for a traded stock forces the price upward.

If a stock starts to rise rapidly, the trend may continue to escalate because the short sellers will likely want out. For example, say a stock rises 15% in one day, those with short positions may be forced to liquidate and cover their position by purchasing the stock. If enough short sellers buy back the stock, the price is pushed even higher.

Read a bit on ISEE which some said is the cause of the rally http://www.tradingmarkets.com/.site/options/how_to/articles/-77152.cfm

http://www.iseoptions.com/WebForm/md_ise_sentiment_index_stats_hp.aspx