Potential U Bottom

The behavior of this market with the market only down 60 points from the highs is getting the Fast Money nervous.  That takes away the potential for a V bottom, which usually only happens when you get either a selloff that happens so quickly that it takes traders unprepared, or a selloff so deep that you end the down move with heavy liquidation.  This selloff has been slow in developing which means we'll not go down much below yesterday's lows.  I doubt if we even touch 1390 on this downleg.  And then a few days of volatile back and forth trading and back towards 1450.