Technicals don't mean much in a bear market. I mean look the VIX, it has been over 30 for a while now and it's now over 40. Usually that means capitulation.
How else do you longs think this is going to end? Do you think one day we will wake up and everything will be fine and people will start buying stocks again? We need a real day of capitulation to end this-one that strikes fear like most people have never experienced. That would be the best scenario so we can then move on.
The other scenario is much worse. We can just continue going down like we've been and this takes months or years to recover. The current market is like getting pecked to death by a chicken.
That's impossible, there are regulations set in now that would prevent this amount of massive drop you talk about. After a certain precentage of drop the markets would be required to stop trading and possibily close for the day, that is what the law says.
You didn't state any reason behind your post and therefore it's a pure guess on your part. It's easy to hide behind a computer and write this stuff. Why you did this could be several factors, but I think your motivation is one which is purely greed.
Why don't you state your reason to your statement and also don't forget to mention the rules and laws governoring drops in the market. If you can't, then your words are meaningless. In other words you're talking out of your ass.