H&S - counting the 29th as the right shoulder, with today's action confirming. Actually - closer to a 2000 pointer. This should take us to December lows. Fundamentally though, December lows were as a result of uncertainty regarding tapering trims - This pullback is off greater certainty, interest rate fundamentals, and inflationary pressures thanks to rand weakness. I don't hold much faith in December's lows holding up as support - and I am a perma-bull! The only thing keeping us alive is resources - but dollar strength is traditionally bad for resources. I am personally out of this market. I have a couple of holdings left in PGR, MTA, SPG, OMN, AFE, APN, SHF, SGL and NHM. The last 3 are keepers - although NHM is touch and go. The rest I will exit on the pullback. Markets hate interest rates boys and girls - markets hate interest rates...