feels like a correction so far, not a crash.

My 2.5 year "ASX 1900" chart shows shorting at an all time high over the last few weeks, but value traded is not high despite all the widespread 'aggressive selling'.

From watching the live and co-ordinated bot action across many stocks, it appears to me the 'market makers' are simply trying to do as much damage as possible with their bots for the smallest possible volume, so I think they are using the EU crisis to deliberately smash stocks down to run stops and close their shorts before reconfiguring their bots and giving the retail traders whiplash again..

ASIC really should reign in the institutional algo trader manipulation.