so the max pain down the drain - will we see delta hedging ?
or today's dump was part of the delta hedging as it is very obvious that if yhoo jnpr cannot lifted qqqq to 39, then time was running out (not to mention smh way below the 32.5 area)
amd held up surprisingly well, even went way up to 15.8+
the AH drop of 6.5% in qcom and 11.6% in ebay account for 14.5 points of the drop in the ndx. so thats almost a full 75% of the current 20 point drop. what that means is the rest of the stocks in the ndx are only off the equivolent of about 5 ndx points or .33%. so if this holds up as it is now, most sectors will be okay and possibly half of profunds 18 sectors could be green by days end barring further tankage.
for those in the ndx ( i am 25% of funds) it will be a rough day and my condolences go out to them
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