Heading Towards 1300

We've got the market lined up for a mini panic.  We should not have gapped down today if we wanted to maintain a bullish resolution to the consolidation but the move has now entered into a terminal down phase where we'll drop and form the final bottom within days.  Market is set up for a panic attack but it will be quick.  But the rebound will take longer than past bounces, but should still be within a month from today.