Look for the markets to possibly find a REAL bottom tomarrow, what I think we have is a double bottom comprising tomarrow (the 7th) and January 23... Then wave "B" could start...but if the market falls below 1295-1300 (see the red trendline above..) on volume, the P&F target is 1260 (on the $SPX) which would line up with the '06 bottom..looking at a long range chart, that would be a likely level for a shoulder to form, if it can do that..then look for wave "B" from that level...