As of this writing we are hanging at 2781. If we get a 5% correction we are going to see 2729. So by now we are already at 3.2% correction. If we get to the 5%, we dont have much more down to go. My gut feeling is that we are going to move sideways for a few days, regroup, retest and after the Bollinger Bands close enough (volatility squeeze) we will be ready for the next move. My thesis is we go higher until late April..I am in the market, I have not sold, and I have a stop to buy on the previous day's high. The market needed a breather, this is it on a cheap excuse ...rising rates.. really? who did not know about that...; bond issues? really? economy booming, taxes benefit all, I see no problems - I see a chance to get in the game at a great entry point