Zeev, the top hit in June on the SnP since then the FED has supplied no coupon passes. Last one was mid May. They have been running the REPO's to keep the top alive but no coupons...... Buy signal will not come until they pump again with passes as it did with the Mar/03 lows. They'll hold the Oct/02, Mar/03, uptrend..... Inflation is rising. Look out below...the FED can't do much now with the coupon passes. Gold will hit new highs.... They have to let the SM tank and provide liquidity.....which they cannot provide....