It looks like it is breaking out the bottom of the channel on heavy volume. It may settle down, but this drop ain't over anytime soon.
Be patient on your entries. From here, if it continues to drop more, then short more. If it does not break the bottom of the channel, be patient and let it retreat back to the top of the channel and then short more. Simple stuff.
nice trade. I am in agreement with you on 200 support. I think we may have some bouncing around btw 200 and 215 first.