Actually, the low was 1253, and the probability has actually increased that will be taken out. When indices climb without internal making additional progress, it often indicates that the move is false, and false moves are often followed by greater disappointment. Until we see a real retrenchment, I really have no way of getting a better handle than that. Interesting enough, my "score" has reached a new high not reached since July of 2001 and mid May 2002. Of course, that does not mean much since we are still under the "to the hills flag" since January 6, thus another "to the hills" call (which that score would dictate) is kind of meaningless.
Zeev