Some of you may find this useful. May 2nd is a date to keep an eye on, it is speculated German may write a bailout legislation by then. Additionally, keep an eye on May 7th, where the EU legislation could go to parliament. Additionally, if passed, look for May 10 for it to be signed. Basically May 2nd-10 are hot dates. No one really wants an IMF intervention, and Greece needs something in Germany to happen before May 19 when large repayments on debt are due.
This all comes from the Wall Street Journal. A bailout package will cause a relief rally but I think investors know the troubles ahead and any big rallies will gather shorts.