We're off and running, and the main indexes are barely down 1%. The VIX jumped 20%, but its only in the 13s. There is indeed a great deal of 'buy the dip' mentality out there, so today won't likely be a great one for those in bear land. Oil is well off the lows already.
VIX doesn't bode well at all for the bears.
We should see a floor by lunch time..and start battling our way higher into FOMC - Wednesday afternoon - a final wave, blue V.