If we do get a sharp decline, it will probably be led by the BTK, not banks and energy/materials. Typically, the stocks that lead an advance do not lead the following decline (apart of bubble situations, which we really do not have), the weak stocks become even weaker, and the strong stock, initially, absorb a lot of selling in a head and shoulder pattern, which until the neck is broken, hold relatively well. My focus is on the market in general, though metrics are suggested mostly on the comp. Thus I disagree with you, and after catching up a little (maybe getting after all to challenge 2200 plus), follow up declines could very well be lead by the compq.
