Well, that was close enough for me. I've gone long some QQQ at 22.8 and a few small traders... I don't think "they" can let a total melt-down happen here. To heck with valuations, we don't need a total financial melt-down, that won't be good for ANYONE.
ajtj, SPX and OEX look to have broken out of a wedge real nice (10 min chart) (it had a throw over also on the down-side). If this breakout holds, then we may have seen the lows atleast for a couple of days. VIX also broke down out of its wedge. Maybe we will go higher into tomorrow's close. Lets wait and see. If we go down further here, I think its gonna be a crash.
ajtj99: You were certainly right last week about more down. I need to stop second guessing my models. Although sometimes I do get a profitable jump on them, but for the post part I should stop doing it.
I would not mind seeing the COMPX tag 1200 today and turn up into the close. The 343.93 area looks pretty solid for the SOX, but only time will tell if it holds.
The push above 23.17 for the QQQ fizzled with this first try. The composite I created of Zeev's Q is breaking down below its low of the day as I type....
Market Data 
Markets 
AI
