I think the market is in a different place technically... we really didn't get a high volume capitulation before the run to $600 last summer, so there was still excess supply waiting in the wings to bring the price down. Contrast that to the record high volume in January during the selloff to $166--that event alone was enough to make the market bullish for some time. And if you've been watching the tape, volume trailed off dramatically in May/June with multiple failed tests to the lows. If we could have sold off, it would have been then. That's enough to convince me that there aren't enough sellers to bring the price down very far, even if we fail to break $315 definitively.