This is redemption week for hedge funds. Explains a lot of the selling volatility IMO. Of course, I still have a hard time seeing option writers granting the bears wishes on OE. http://www.marketwatch.com/news/sto...x?guid={84C04FFD-1C25-4A6A-846C-1585042546A3}
No rebound by the looks of indices in Sydney and Tokyo. Just the opposite. Like with the iphone debut, the crowd is forming early overnight -- I mean at the FED window. As another poster said elsewhere this evening, bring your Monopoly money. It's good!
I will be looking for a break below 1400, will sell my SDS around your target of 1375 or around 62-63 a share.
Measured-Move complete at 1375.00 the second leg down off the 1503 high now equals the first 128 point leg down. at 1375