GemX, I don't know if you know who he is, but he was calling for the low to be between 1400-1365. <a href="http://wavegenius.com/index.html" target="_blank">http://wavegenius.com/index.html</a> So, it's possible we see 1365 before a reversal. I may buy more QLD in the morning if the market gaps down.