It looks like tonight is the night, or at least one of THE night.
What if US drop to a record low level intra day, and finish in green tonight? When we open on Monday, we might rally without a capitulation.
So I guess the idea case is US drop tonight heavily without any recovery, and further on Monday night intra-day, and stage a rally to finish green, so our market have a chance to hit the magic 3400 on Monday, and rally on Tuedsay or so to complete "a self fulfilling prophecy..."
I think it might be the case compare to crash in 1929. It took three heavy loss day to finish the job.
Check this out
http://www.cnbc.com/id/15840232?video=901203452&play=1
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