Quote from fhl:
Not to argue, but some would say this phenomenon that you described may just be a change of leadership. They would also say that when the leaders keep going and nothing will follow is the real tell of a correction. Lots of interpretation involved, of course.
i might stand to be corrected...
looks like this is the action we have been seeing for the past week.
leaders: aapl rimm goog crox fwlt - moving up
rest of market rolling
and today starting to see some distribution in the leaders