we have broken 64 ---My guess is we will test the 2011 lows..The pre market is always an indication of how the day will really flush out. We had a very small short cover bounce folks and that's it. Next stop, I think, before a more solid reversal happens is when the S&P hits 1280. This morning on Bloomberg David Costner, I believe his name was, w. Goldman is predicting 1230 by end of year. Everyone including myself that has chased this puppy down on the long call side has been crushed.