The market will do what it takes to cause greatest pain for the greatest number of players.
That's a truism, but it's still worth remembering. And in my opinion, what is likely to cause the greatest pain in this particular setup is NOT another drop to 666 and NOT a parabolic rise to 1500, but a great shakeout of the longs' positions FOLLOWED by that parabolic rise to 1500. What can be more painful than to hold the right stocks, only to sell them at a loss and see them skyrocket?
We are going to have a correction that will LOOK like it's going all the way back to 666. Most people wouldn't believe it just one the basis of fundamental analysis, but this correction will do a good job of convincing you that it is the real thing. All the TA indicators will tell you to sell and wait for that 666 bottom. And then somewhere in the 850-900 area, GS will pick the debris and pump this market all the way to 1500. As for that 666 bottom, it won't happen because everybody will be expecting it.