Is It a Major by on Dipt or a 20 % Correction?

A 20 % down is the easy call. The question is, will it just roar the market higher, or is it going to be the start something more ominous? I think that we don't even have to try and make that call. Bottom line is to mark et is quite vulnerable at this stage. It's not going to take more than a week or two for us to find out whether the by and dipt traders here hold the line.