euterpe1 - See my first note to you. 2492 does not need to hold... from my past research, I believe that is a common misperception. Many times while retesting the low we close below the previous low ... that probably causes most of the weak money to leave the market which puts in the final low. Be sure to buy in when that major candle shows its face on increasing volume -- but make sure the weekly moving averages are still bullishly intact, otherwise, you want to be looking for a short rather than a long. JMHO... I hope that helps!
Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.