I believe the SPY WILL dip down to 390's and it may even go lower. The Hedge Funds/Wall Street has too much unallocated cash sitting around. The market will give them the opportunity to do what they should have done in June. Once we hit moderate low's (I don't think ATL) we will get a nice little holiday rush so these hedge funds and other minions of Wall Street can show their investors that they did not mess up and miss the opportunities earlier this year.