If the 1292 holds, then a small bounces could occur, but my indicators are set up much closer to the summer of 2001 before the big dump into 9/11, so my guess is that we will take out 1292, and probably have a mild bounce sometime in the next few days from the 1260/75, before we go to test the low 1200 where I expect a more meaningful bounce, yet, not the end of the GN 03.
Zeev