@Ultrahisham:Strong support at 3800 region The markets $DJIA(.DJI)$ , $NASDAQ(.IXIC)$ and $S&P 500(.SPX)$ edged further down on Monday. The wave seems to be extending and at the same time also looks to be trying to find a bottom. The market does look oversold. The levels I believe is where strong support is and where the market will gyrate to find a bottom is between 3775-3800. That is also wherethe Gann 1x1 line is which also serves as strong support. If these levels give way, that indicates further market weakness and reason to take positions off the table. On a