300,600,800 noone knows and it's not that much point speculating. I'm pretty convinced there's going to be at least one more leg down before "the bottom" is in - thing is that this "bottom" might not be V-shaped, but rather L-shaped. The low probably shows up sometime in 2009 - but if it's Q1 or Q4 - who knows?
Of course "no one knows", but one should be open to all reasonable possibilities. Are you open to the possibility of "the bottom" not coming until perhaps 2011 or later?
Don't worry, no one is putting serious $$$ on the line on account of your thread. This is just pure entertainment, no real trading value on this thread. Just for kicks ya know.
Whatever it turns out to be, you still need to "figure it out on the fly"... having preconceived notions only hurts your chances. FWIW... I can envision a downside to this "crash leg" of SP 650. Could and likely will be "other", but the 650 scenario appears to be still working.
Hard to be "serious" about any of this. Guys like you post this shit in the hopes others will agree as you're not really sure despite your many confident statements. If you were really secure in yuor analysis, you wouldn't have the slightest interest what a bunch of anonymous people on some message board populated with mostly retail pikers and non-traders (like you) think. Fah, great username - says it all! That options_turk3y is a just stock_turk3y alias. Isn't it time for class yet, boy? Surely others want to use the community college library's computers.