It is hard to say what the market will do so it is very important to come up with rules, test it and follow it. If you had followed the 1% selling day rule, you should have been sitting on the sideline and watching this blood-bath. I am expecting another 8-10% decline on the indices and maybe more on individual stocks. There is no need to be brave here and buy any stocks now. In the coming weeks/months we will have an opportunity to buy at attractive prices.