Looks like we'll be testing April's low of $339. If we brake below that, then the next $ amount I'd look out for is the high of ~$270 from April 2013. The fact we weren't able to stay up after last weeks paypal news just reconfirms the bear market.
This exactly. The huge news from paypal meant nothing. There has to be a fundamental change for this trend to reverse itself.
The winklevoss etf is the only thing I can see that would do it.
Paypal news was built in from months ago.