[Haugaard]

I know this isn't exactly Stage Analysis per say, but i would like to discuss it with someone.

Am I the only one concerned the breakdown, of what I think looks like a bear flag? To anyone who might not know, a bear flag is a sharp decline (flagpole), followed by a consolidation (flag). During a bear flag volume stays high due to the market panic. 

Furthermore i'm kinda concerned about the pullback, of which we are experiencing. I find it worrying that the market is knocking on its 50d MA, while only 29% of stocks are above their 50d MA. It seems to me, that only a select few stocks are driving this pullback.

Just to be straight: I'm currently not holding any positions, I'm just intrigued to see how this is going to unfold.