Circlegridder...
I'd take that scenario, if it played out that way.
But again, I wouldn't sweat a "big red" unless it's accompanied by VERY large volume. Don't know what your idea of big volume is. For me, 5 million would get my attention but wouldn't make me consider throwing in the towel. 10 million and I'd be very concerned and would be planning a POTENTIAL exit strategy. 20 million and a big red and I'd DEFINATELY be selling on the bounce and re-evaluating when (and if) to get back in.
Sorry for all the caps. Just trying to make my point(s).