Surprised?

By the ugly Monday morning sell off? Even when it happens and I expect it, I freeze. Is it too late to short today or should I buy on dips? Today I am going to do nothing, but watch. Probably write protection on the QID since I don't believe it's going to reach its 52 wk high this month. And gold, if one was to average today appears to be that day. Still, it takes guts.