William O'Neil in his legendary CANSLIM approach, stresses the last letter M for Market. In a TickerSense blog entry, this idea is reinforced, that it is difficult to fight Mr. Market (link), that the storm will sink all boats, as the rising tide will lift all of them. In the article 29 of 30 Dow stocks moved with the market 447 out of the S&P 500 stocks moved with the market. Long odds for those seeking to trade the other way.
VIX (Option Volatility index) is trading up, so there may be a tradeable short term washout soon. As always, virtually no one buys at the bottom, so I don't expect any different this time.
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