[taxcontrol]

More downward direction. Death cross technical indicates a long term correction.

See http://www.multpl.com/

PE ratios need to get down to 12 or better for a buying opportunity to exist.

[RayChuang88]

The question is, how far can the stock market drop to? My guess: at most down to DJIA between 13,500 and 14,500. At that point, there will be a massive number of bargain hunters showing up and buying up a lot of stocks at discount.