UPDATE - I think it has bottomed for the day. We didn't take out yesterday's low, but we did take out the low all of yesterday except the very first few minutes of trading.
As yours truly predicted (but without a great deal of confidence), we indeed started out down. I was personally hoping for more overnight volatility than we got, or maybe that volatility is for overnight tonight? I can't even figure out which day the overnight low is in the weather forecast.
Now, because of the panic cycle, we are looking for a turn at some point. We have bounced a bit so far, but it doesn't look like there is any reason for our low of the day to be a bounce point, so I'm going to wait for a lower low, but did close out the puts. Now I am largely divested (except for PNRA)
So far we have taken out neither the previous high or low, and a panic cycle should take out at least 1, often times both of those.
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