The stock market opened on a weak note before bargain hunters stepped in and major indexes closed barely changed. This frenzy on the buy side was confirmed by our indicators like : our buying/selling index, our buying/selling pressure index and our capitulation index. We observe some condradictory behaviours from market participants : on one side, options traders have started to buy put to protect their positions or to play the downside of the market and on the other side, stock traders are using any retreat of prices to put fresh money at work. Internal momentum is still weak as measured by the advance/decline line ant the list of stocks hitting new lows. This lead us to conclude that the consolidation has turned into a correction that may last a while before our model gets again synchronized with its internal components.