Thanks for your input. I am leaning towards another quick down turn, much like we got in late August and again in late September of last year.  I believe this coming earnings season will be poor to mediocre, which may keep the market under pressure. 

This market is now a stock pickers market.  I agree that there will be rotation, but in general I think that market internals will continue to be very poor, causing a lot of volatility and little progress in the major indexes.