Aphexcoil has a 50/50 chance of being correct, if we rule out a flat close.
What has happened is he read some doomsayer on some website and is now echoing those sentiments. There are no original thoughts or analysis, in fact no analysis at all, in his posts
The leap into the abyss will not come tomorrow though. We're not close enough yet. Cascade selling has not started again in earnest. Remember the 4 days prior to July 24? Pretty intense. And the days after 9/11? Pretty steep. But does anyone remember the frantic period of August and September 1998? That was a real pressure cooker. Dow up 300 one day, down 350 the next, then again, and again. But that was in the middle of a secular bull.
But the crescendo is building. A washout sometime in the next 2 weeks, maybe. But that is what everyone is anticipating, and if guys like Aphexgoil are calling for it, it may be prudent to expect a wholly different outcome.