MLS, what you say is perfectly correct, but a less dramatic way of getting down through cloud if you have allowed yourself to get into this situation and you have no instrument training of significance is to trim the a/c in a glide, fold your arms, and keep (1) the DI on a constant heading, (2) the turn needle or indicator showing no turn, or keep the horizon level using your feet only! Try it, it works, and years ago an ex stu of mine thanked me for saving his life when he got into such a situation. (Yes I know, I should have taught him better)