this will be more like the 2011 correction and less like the April 2013 correction
it willl take a long time for fresh money to poor back in to the system (if it does at all)
if it corrects like 2011 that is good for Bitcoin fundamentalists, but it may not, depending what happens to the Gox's coins we could be in for a coin shortage, and the treat of impeding catastrophe.
my guess is that what created the last rally (apart from china) was the "artificial" shortage of fiat
people who cashed out in April couldn't get their money out from Gox so they bought back pushing the price higher
something similar may happen now