Time machine to 2008

Today felt like it was ripped out of the annals of 2008. After an up day, you would get oscillations early in the trading session and then dump down making new lows and trend down for most of the day, with meager short covering attempts between 2 - 4 PM EST.  We're in a downtrend, shorting rallies and hanging on to shorts till you see the whites of their eyes should be very profitable going forward.  I don't see us going above SPX 1070 for the rest of the year.  My previous projections were too optimistic.  I think we can test the 960-970 area in November and that should scare the bulls enough to set up for a nice rally in January 2010.