FF,

There have been many rallies on low volume. Volume is important during break-outs. The market is in an uptrend, just buy the few days sell-off. We'll see 1000 before 800. My guess is that we will not see 800 for months/years. I have been long S&P futures from 880 and selling 1/4th every 20 points. This is not the time to short. The easy money has been made. We are going up from here. Listen to the market not the news/fundamentals/pundits.