Low Volume selloff, means look for bargains.
In this type of trading day, there are fund managers that are looking for bargains and not selling what they currently have. This is a perfect setup for bulls, basically all you do is wait for down days like today and buy stocks you have on your watch list.
For Bears? Well bears are suppose to be in hibernation during the winter, so when they come out on days like today, they could get frost bite quickly when winter bulls return in force.