Greek selloff on the open

Often good to fade the open and sure enough in the first 15 minutes the SnP plunged to 1158 then bounced back strongly. Funny how support is taken out, slightly, hitting all the stops then making an abrupt turn around. Stop losses suck for this reason. Gotta give them lots of cushion. I would think a bounce to 1178 area would be reasonable. The greek thing is not going to go away or get better. Will probably get worse. Spain and/or portugal are about to get downgraded too. The euro is below 1.29 now and getting wallopped. they will probably jetison greek out of the union. I now have a split portfolio with 9 positions, 5 bulls and 4 bears.