Sell-off Continues, Is it Time To Buy?

Markets have sold off down toward the bottom of the recent trading range as I predicted yesterday. We are now hitting some support (ES currently trading just below 1120). Didn't take long to get here. I had said that I would be getting long when that happened. However, I just want to make it clear that I am not bullish here. Not a bad spot to get long, but you don't want to defend the position. Any longs right now will be scalps or day trades. No signs of a significant reversal yet. Bonds continue to be strong on the heels of the Fed announcement yesterday as Operation Twist is successfully bringing down longer-term yields. US dollar the current safe-haven currency. Everything else pretty much getting killed...