Up to 1230-32, then ?

The last three days each saw a substantial early break from the opening price.  Today the market opened down 17.  I think today we are in the process of rallying from the open, but at the moment I think the best the market can do is reach the 1230-32 zone.  After that I'll take a look at the volume to see what will follow.  In any case I am sticking with 1195 as a likely downside target for today or tomorrow.