QUOTE (mss @ Jan 21 2008, 05:19 PM) 
I going to weigh in here with a "crumb" of thoughts. If we are not in the start of a Bear market, then we are in one hell of a correction in a Bull market. Quick suggestion as to SPX range - in steps - UP 1340, 1391, DOWN 1285, 1246, 1180 and there is a far off suggestion of 1116. Just something to think about. 
The S&P closed on Friday at 1335 and for this week I consider that the rotation point for the price range quoted above. The HRZ lines are self explanatory and the next two days are very important.
mss