Overthrow In Progress

Previously I suggested that we might see an overthrow of the rising wedge patterns.  That overthrow appears to be in progress with perhaps another down-up sequence or two to go to complete.  In reading and listening to various market commentators and analysts the consensus seems to be that a correction may be coming but it will only be 3% to 5%.  Regardless whether or not we retest the July low, the rising wedge patterns imply that the coming correction will definitely be greater than is expected.  Of course, volume continued to decline again today.  I am looking for a close below 1289 to indicate that a correction has started.