I would say that the 1308 number (spiking to 1298 just to violate a century number?) is more likely the bottom of the next retrenchment, I think that should be concluded before Wednesday at 1:36 PM (g), and then we should turn and attack 1400 which will take a number of volatile attempts to get over (and of course, the prove the turnips wrong, the market will tak out 1400 in a single swoop (g).) The Dow may have a deeper run down, possibly as deep as 8400/8500 or so.
Zeev
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