<CHainik, are you joining the reading challenged?>
I guess I combined your 1222 or 1200 numbers as the bottom, your currently high exposure on the long side, and the post below (msg# 30994) - and got impression that you are more bullish than you actually are. A rally to 1263 or 1296 fits my definition of "significant".
<Actually, my critical numbers are 1222.22, 1238 and 1263, just as they were on the way down (g). Not too far from yours. I am not sure about the 1325 being significant, more significant is 1347 (#msg-494898), the last "bear call" at 1347 on 9/11). My guess is that the best this rally can do is between the 1263 ans 1296, and that only if it does not become too one sided>