The analogy continues

I posted recently about the analogy with the 2011 February-March correction. Click here to go to that post.

Here is an update in which I highlighted the day that corresponds to yesterday. They look a lot alike.

So, next up would be a rally today and it is already starting to take shape as I am writing this.

Generally, analogies represent good "intuition pumps" but it is good to remember that they work until they don't.