it occurs to me, everyone and their brother is posting ideas and thoughts about whether or not the market will continue higher and if so how high and if not, how low shall we go? perhaps it would be a good time to gather thoughts and experiences from peeps who traded during the last major downturn. Gridking got me thinking about this when he posted a video by this guy who has a trading room called Slipstream - apparently he was banking in a big way in one trading session during a big crash, so much so he decided to abandon his hedge, went to bed, then woke up next day and found Bush had pushed through some legislation which completely reversed his position. rather than scratch my head about the next probable target for SPX, i'm thinking - time make a plan to be ready if this fabled correction actually occurs. we all know what to do if the rally keeps going...