] Tim W. Wood of Cycles News & Views sees what market
] timers call "a re-test of the October lows." In plainer
] English, that means investors are nervously eyeing the
] stock market's major indexes. The S&P 500's recent low of
] 782.96 was reached Oct. 7.
] "If those lows are indeed violated, the bear should be
] back in full force," says Wood in his monthly report. The
] S&P 500 (SPX: news, chart, profile), which represents
] America's largest companies, was trading at 860 on Monday
] morning.