aj I am with you on this trade. When I look at the spx weekly, which is entering the oversold levels, I see the June '06 lows as the next level of strong support at 1220. <img src=http://stockcharts.com/c-sc/sc?s=$SPX&p=W&b=5&g=0&i=p14636314301&a=114922087&r=8614>