Very scary, this decline.

Wow , we are so oversold but not getting any bounce. By the time we get one most will not even bother to look ? Some veteran traders say the markets crash from extremely oversold conditions and not overbought as many think.
As if we gave not broken enough yet. SP500 touch almost 700 today ( 704.27 was the low and the markets are not closed as I write this ).
With no one calling for any rallies or bounce maybe this is the right time to bounce . But who knows , at times like this its better to sit back , too low to short , too scary to buy.
Other than small trades I would not do anything much.
The bounce which can come anytime will be strong and if we breakdown completely then that too will be something.
They say its never as scary as it looks and never as great as it looks.
Hope we do not breakdown and get some bounce towards 750.