How I visualize the liquidation

Remember, EVERY DIP has been bought up aggressively over the last 2 years.  We havn’t even been able to hold below the 20 day MA for more than a day (see January post).  If the bounce is weak and fails to regain new high ground.  Play defense.  As you can see the only stocks holding up are silver miners, some oils and some coals.  Tech is getting slaughtered.  If this continues, look to start some “test” shorts.  Of course the discourse will turn to talk of QE3 and benny b to save the day again.

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