PPT will bail out QQQQ today

I tend to agree with that. However this reminds me eerily of the markets approach of 11,000 in March/2005. That's to say this correction could be close to 10% over the next month.
Quote from chewbacca:

no correction in this market will be allowed till after the day comes when all the news anchors say "well today the Dow made an all time high by closing above 12,000 for the first time ever"...then john doe thinks equities are finally safe and BAM a 10% correction.
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Quote from Pabst:

I tend to agree with that. However this reminds me eerily of the markets approach of 11,000 in March/2005. That's to say this correction could be close to 10% over the next month.
More...

This mini correction is probably already over. Monday morning at the latest. Tuesday will be a big up day.
 
Since almost everyone is feeling bullish now(probably due to their gambling buys at today's close) -you know what will happen on Monday..another big down day #3.
Tuesday usually reverses Friday/Monday trend and might be a 38.2% bounce.
However, bear markets never start with sharp drops.
Need round bottoms type of top. But yall probably already know that.
 
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