The stock market declined again, founding a support at the 2700 level. Breadth is still weak : 1404 stock advanced compared to 2214 that settled down. There is a potential scenario that may call for a rebound up to the 2740-50 area before a final selloff that may drive prices down to the lows reached last April. The weekly sentiment survey among private investors points out to a neutral view on the fututre course of the stock market. In our opinion, sentiment still has to be shaken until weak hands capitulate.