Attached is a Daily Chart of the Dow. Showing a possible range where the Dow may find support. This is certainly one heck of a drop on the Dow and usually the first big drops are the ones that bounce the best as the long crowd is still in the camp thats its just a blip on the radar. Understanding that, I do believe firmly that the real opportunities to make money will be to the short side. However, the market will need to bounce substantially in order that I can go short properly in to what would be the rolling over of the 50 day ma as it back ends it with narrow range days. This most likely will take 2-3 weeks to setup. That would set up the most advantageous trades to the short side. However, for those who are brave and feel that they like to buy substantial dips here is a chart for now of the Dow because this is all we have to go with currently. Major shock events like this one on heavy volume are bill board signs the market will post for all to see that says CHANGE OF TREND. However many will ignore it. Will I personally play for a bounce? I have been around the markets enough to see many horrid declines and what usually happens is you have to be willing to hold your nose and just buy when you think the market is too far stretched on one side thus causing a supply/demand imbalance. However, be forewarned that you better have a entry and exit plan in place and know how much money your willing to risk. With a decline like this you probably don't need to be buying 10 ES Contracts or 10 YM contracts as we are getting so far stretched that a small amount of contracts will probably provide a tidy profit over the weeks with far less stress. Once again I am a firm believer that the real money will be the first back end test of the 50 day ma on the major indices as it will set up beautiful short side trades.