If we do break above the $1325 level again, that should send this market much higher. I don’t have any interest in trying to catch a falling knife though, so waiting on a break above that level, or perhaps even a bounce from the $1300 level is probably the way to go. If we break down below the $1300 level, then it’s likely that we will find support at the $1275 level next. The market is very technical and tends to go from one large number to the next. It is a fear-based market that we are looking at right now, as the US dollar has been strengthening against almost everything. Ultimately, I suspect that the longer-term traders get to be looking at this as a buying opportunity, and therefore will be taken advantage of what should be value. However, it can be very difficult to deal with a lot of volatility if you are levered, so at this point I would suspect it’s probably best to trade in small increments when you do jump into the market. Let things settle down, and then add to your position.