But, if it drops it a bit lower and then advances to the 3300 area I would likely short it with the hopes of eventually visiting a level just below 2200.
It sounds aggressive and it is but the first wave down is in the 1000 point area.
In my mind the European Monetary Union is a messy minefield and, to an extent, I would be shorting the EMU financial sector as close to 25% of the index comprises such companies which is fine with me.
20/20 I wish I could have recently shorted Chinese and Italian banks. But pulling the trigger will depend upon the prevailing political circus and ECB policies and prospective policies.