Just a Correction?

The vast majority view this pullback as just a small correction before we get the year end rally.  There is little fear of a plunge like we saw in May despite sovereign debt concerns in Europe and the recently stronger dollar.  I think there is something more lurking in the waters for the rest of November. 

If we do get down to 1160, I don't think it will just stop there.  From 1160, I think a flush all the way down to 1130 will happen.  That flush will evoke fears of the flash crash and that will probably be close to the bottom.