"We have experienced, for most of this year, a pretty sticky rally, " said Yousef Abbasi, market strategist at brokerage firm JonesTrading Institutional Services LLC.

WSJ: U.S. Stocks Close at Records

The ensuing rally should be pretty sharp, i.e. 20%-30%.

FORBES: A Chart Formation the Pros Love

The selling was pretty relentless all week, and early rally attempts fizzled quickly.

FORBES: The Week Ahead: When Will the Selling End?

The rally from these lows looks pretty minor on the long-term chart, even though the 20-week EMA (in red) has been overcome.

FORBES: Keep Your Eye on Treasury Rates

And if Europe is not able to rally in a big way pretty quickly, do you think that will cost you the election?

WHITEHOUSE: President Obama holds a Press Conference at the G20 Summit

We're pretty sure nothing like this ever happened at a Tea Party rally.

WSJ: ObamaCare's Heritage