Maybe 1260 was phase-I, 1253 was phase-II, and...<gg> I have to hand it to you and your convictions...it's a long way down from here to 1111...but as we all know, the market can make history a very bad memory at any given moment.
Short term I think we will have a countertrend day tomorrow.Long term I think we will continue on the distorted reverse head and shoulders pattern on the NDX.I have to look at the 1 year chart to see it.