What was a correction supposed to look like?

This was our predicted "end of correction" scenario if prices could maintain at these levels.

From this example you can see "Wave C" was expected to unfold in a 5,3,5 pattern with "C" = 161.8% X "A"

The good news is that buy orders were not placed on equities or futures when price approached these levels. As you can see, we expected one more minor rally before the decline. There was reason to believe these support levels would not hold, and as such, it became our purpose to short the rally and break the support. Of course the "minor rally" never occurred so we missed out on short profit but atleast we weren't long. The reason not to buy was determined primarily through inter-market analyses of U.S Sub-sectors. Through pattern development in the U.S sub-sectors, it could be determined that many industries had more to fall, and as such would drag the SPX&INDU down with it. World and Regional indexes provided red flags as well.