Even the MT GOX fever is not over until now so I think we have to wait for sometime before market recovers.
The MtGox fever as you call it is more a problem mentally.
The thing is that MtGox has enough fiat in reserve to cover everything, so it makes zero sense to keep selling coins on the market, which also requires permission. It's not that they can just dump out of free will, it doesn't work like that. Their reports will make clear what happened with the funds that have been moving recently, and till that time, it makes zero sense for anyone to make it seem like a big problem while in reality it isn't.
The market went down because it failed to break an important level while it was very close, and that disappointment made the market fall back down, and not MtGox or the South Korean exchange that was raided. Currently there just isn't enough demand justifying the market to reach and maintain $10,000 levels. I said it before and will say it again, I am fairly sure that for the entirity of this year we aren't done yet with sub $10,000 levels. I'm not saying we won't top $10,000 but we'll be falling back down in case it does happen.
Next bottom range should be anywhere between the $7000-$8000 levels without a major bullish trigger.