Wow I have never seen the bid so supported in YM this early, whatS up with that? Of coarse soon as someone start nibbling away they get pulled.
Maybe Bernanke remembers what happened last time he "said something" (May 1, 2006): http://video.msn.com/v/us/v.htm???g=83584dc9-4715-49b4-84b9-764634ecae2d&f=rss34&& (skip forward to 3:30 and watch the pit go a little nutty )
Might have something to do with Splinter talking chips up (as if he would do anything else) despite the fall in orders at AMAT. If we have a decent rally in tech today fading it will be the smart play. If we can't even manage that on the back of AMAT's cheerleading that will speak volumes. QQQQ's are still the way to go on the short side.