Here is the current chart, with a comparable harmonic pattern analog carried forward to TD 196 (Feb. 6, 2012) in order to match the 2007 turn dates.
In this version of the "what if", the down leg is drawn so it matches the pattern from the Feb 18, 2011 IT (light blue ellipse) to form an IT bottom at TD 196, at a similar angle and lo and behold it intersects the 1.0 fib retrace line from Aug. 30, 2010.
Note that if the fractal similarity continues, there is a brief new high yet to come.
My guess is that if the fractal continues to apply, then the chart will complete an IT @ 1276+ and complete a countdown 13 on the TDSEQ sell signal that is pending [for a low risk entry].
Note the scale on the current iteration, if it continues to apply, is increased by an order of @ 4. So if price follows the fractal, the downside could be to 1207 before hitting a new IT high, say late next week or early the following. Then down to @1036 @Feb 6.
It should be pretty clear if the fractal isn't repeating.
Obviously, this is a lot of conjecture. Read it with a grain of salt.
