As an amateur, I may have used the wrong term here (not so theoretical, haha). Anyway, my point is that not all stocks are down. Some of the strong ones are actually holding up pretty well. ARMH, and BIDU are two of the stocks I have been monitoring and they are doing well.
I hope, this divergence may indicate this round of correction is just a correction and we may have seen the end of it (at least short-term).