Nothing to worry about. If you look at the longer term chart then you'll see a five wave pattern up (five waves meaning the dominant trend = upward) from end 2008 until Apr-10, then a three wave correctional pattern down ending with the November low. Following that correctional pattern will be a five wave pattern up of which we are busy with the first wave.

I would expect to see a test of the April 2010 high, followed by a modest correction, then a third wave up, followed by a correction and then a fifth wave up. If cycles are reliable then we should expect this upward wave to end in April again, just like it did in 2009, with a low in August/September, followed by a wave up ending around year-end, followed by a very short correction and a final wave up ending again in April (2012).

My target for that period would be anywhere between 1.50 and 1.70, which corresponds with the 2006 highs. Needless to mention that a takeover could destroy this nice scenario completely :-)