Have no idea how low. Usually lower than most think or hope though... Finding support and resistance spots, that I've gotten pretty good at. My pop emailed me at mkt close knowing that my 156s on AAPL were likely filled, and played very well. Hoping it goes down more though...
I layer-in, for that reason. I now have about 6 entry points for each the SPY and QQQ to consider. Once I decide how much I want to allocate into each, and for my various accounts, then I'll input the orders, usually going a bit heavy on the first purchase, then lighter in the middle prices, then a little heavier for what I think might be the low. So, if I've decided upon three desirable entry prices for an equity, and have let's say $100k for it, I'll go 50% on the first one, then something like 20%, and the third 30% (50k, 20k and 30k)...
I also have funds in savings too, earning a little something, just for this purpose, and I'm willing to move those over for any addtional opportunities. I've only needed to do that twice in my life though, but I'm ready. I will gladly go on margin for a couple days until the funds clear. Usually just one day...
Today's volume was pretty dang healthy. Not sure if it's capitulation type of volume, or "blood on the streets" though. It didn't quite feel that way to me... Would love to see massive volume on a huge down day, then the market roar back off the bottom, closing well above the lows. That has often marked bottoms.
Until then, setting-up my shopping lists...
Sig test...