One thing I've learned so far from this bear market is that market timing does NOT work. It never seems to run out of surprises.
What makes you think it will "bounce off" rather than swoon, which has been the case with recent limit downs?
I'm feeling very sad today, went into my local cafe this morning and they said it was highly likely they were going to close the doors as at the moment they are losing money staying open. Probably means I need to go hang out near a billabong somewhere.