Zeev, I kind of looked at my trading over the weekend and thought I'd be better off if I traded longer time-frames. I had a sell order on my puts in pre-market, and it would have filled at the low bid of the day today. However, I canceled the order when the COMP hit 1326 to see what would happen.
The main reason for that order in the first place was in case the COMP dropped quickly in the AM while I was busy at work.
Shortly afterwards (I was home for lunch) a baby needed attention. I walked away, and 1315 was hit and a reversal had taken place to COMP 1327 or so, but the NDX did not breach 945 or even 950. I figured this would re-trace about 50%, so I figured what the heck, I'll just hang on and trade the longer time frame, as my target for this drop is NDX 840-900 by the end of July.
I also doubted I'd have the guts to re-put the market if it only re-traced 50%. That's why I held on. I figured my longer time frame profits would exceed my short time frame profits. It's a new experiment <G>.
We'll see if I profit or not. I've got a great entry, so I'm not too concerned unless NDX 1040 is taken out on volume.
I see so many problems with this low that I have a difficult time believing it will last more than a couple of days. The Dow and SPX look like they're a lot closer to their bottoms for this month than the COMP is right now.
I sumarized some of my problems in this post to Syl:
Market Data 
Markets 
AI
