Follow through

Most dips since March 08 are bought. Sentiment numbers are really really bearish and there are signs of weakness in some leaders. Breadth from a volume perspective shows the potential of a decent correction, the AD line on the NYSE not so much. The Nasdaq AD line though shows a big divergence and that is why I am concentrating my short there. I didn't add any more yesterday afternoon, but will look to do so today. At the same time, I am fully cognizant of markets ability to press to new highs so I will cut back if I see broad based strength. All in all though, I still am looking to the short side with no interest in buying here.