Martin Goldberg has written up an excellent look at technicals of the market right now: The Stock Market Broke on Wednesday Do your self a huge favor and go read it! (hat tip to Kirk and Duru)
Must Read: The Stock Market Broke on Wednesday
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Essential Reading
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Next stop for the Nazz...200 DMA? Seems like it a meeting with those levels coincides nicely with the definitive hammer in October, 2003.
I outsmarted myself. While I am net short, did try and pick the bounce and missed this morning. Still think options week will end up with a few great rallies.