You have a valid argument. However, most of us doesn't buy that argument simply because it doesn't make sense. First, at around $6500, there will be a good support and I think everyone will think its a good time to enter the market so investors will start to purchase it again so obviously it will not go down. Second, although we are have another market correction taking place, it doesn't mean that investor is not in the buying mode. Everyone is only waiting for the perfect time to get in, maybe others doesn't have the budget right now or they are simply waiting for the bottom, (which I believed is $6700). With that said, I don't think that $1K will be seen in the next couple of months, but around the $8K-$9K is more likely.