It's an Elliot Wave thing. The 3rd wave of the 3rd Wave of the 3rd Wave down. The 3rd wave is typically the most parabolic to the upside or down. Pick up Elliot Wave Principle, Key to Market Behavior by Frost and Prechter. Or visit http://www.siliconinvestor.com/stocktalk/subject.gsp?subjectid=51095, that's Shack's thread, and he's the crashologist.
Oh, and by the way, How 'bout them dawgs!!! Will be at the kickoff 9/4 against Southern.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.