As of now the numbers on 4% breakouts and breakdown I am looking at shows a ratio of 105/ 141. Yet another shakeout move which has not lead to the kind of follow through which normally indicates a down move. This will make the dip buyers bold. Plus if Apple provides the spark with its earnings and gaps up, the cash on sideline will jump in.
Under such circumstances keeping your nerves is critical. Unless you are a day trader the minute by minute gyration should not raise your blood pressure.In my scheme of things both earnings based methods and momentum methods work best after correction. So if I find market stabilizing, jumping in is not a problem. The well set trading conveyor belt churns out opportunities everyday. If one keeps ones nerves and protects capital, there are always opportunities in the market when the volatile phase subsides.