8400 and 8200 have proven to be reasonable support. If it breaks through these two we could be headed to testing a new low, which also creates a great buying opportunity.
Market should be falling on all the horrible econ news, the fact that it's not dropping 500+ points anymore for nearly 2 months coupled with low trading volume gives me confidence that people are sitting out for a nice entry point.
I think once Obama's rescue plan starts to take shape we'll see some rally attempts. In the meanwhile, the 1Q earnings are going to be horrible and it'll try to keep the market under 9100. I also don't see market staying below 8400 too long if it gets there.