I think it's entirely possible we could flash crash down as low as 420 within the next 2-3 weeks, ending the week of the crash above 540. It's also possible we could stay flat for 2-3 weeks. Either way, when we break above 685, we're on our way to a new ATH. I expect to revisit the last ATH in about 7 weeks, and be at our new ATH about 4 weeks after that.
You think that the market could handle going down to $420 and then charge right back up to a new ATH? If we go down to $420, then we will be looking for a new ATL for 2014.
In any case, something would have to actually happen for the flash crash to occur...
And big news as Silk Road last year are not that likely to come. It would be a huge coincidence!