FTSE still only 3.2% down, however DAX and CAC40 down a fair bit more. I'd be very cautious about selling on open I'd be more interested in following the momentum closer to close. I think today will be the last down day for a couple of days and it wouldn't surprise me if it is down 100-150 again. I'll be very tempted to buy at close if XAO holds or starts moving up otherwise I'll sit on the sidelines for another couple of days.I'm around 50% cash and all are small to medium cap with low liquidity, so currently, they haven't been too affected.
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