Broker A (formerly known as The Fly) stated that veterans were feeling that the current correction felt similar to that of 1990-1991.
The chart shows the typical pattern for a correction: Sharp down moves followed by short consolidations. One aspect which should be noted are the capitulation days which are marked by big moves on large volume. Also, when the bottom actually was put in, it looks as if it was marked by little fanfare. The only tell-tale signs were the bullish divergences in the indicators and the higher-low.
It might be interesting to understand what caused this correction. Does anyone out there remember?