1295 is about right, but I have 1263 as the possible target in few days (in essence a full 50% retrenchment of the 1192 to 1335 move). On the Dow, the 8200/300 area should provide support. I would not become too bearish around here, even if the retrenchment we face look harsh. We may be witnessing a change in market psychology, IMTO, this is very bullish (having 4 GPT days on the NYSE in a row, means that new buyers have come in and are buying almost with "abandon".
Zeev