My opinion is we could retest the recent lows during the first two weeks of Sept. Perception leading up to 9/11 will keep many buyers on the sidelines. I also feel we will see many earning warnings during warning season which will start next week. Many are expecting a big rally next week around the Republican convention. If this happens I'd be selling into it and building cash going into Sept, which also happens to be the worse month of the year for stocks. Also, don't be surprised to see oil prices retest the recent highs soon.