If you had 4X margin and were holding TNA which is 3x Russel 2000, if Russel goes down 3%, TNA will go down 9% which means that you will lose 36% of your money because Russel 2000 dropped only 3% !!!
Must be alot of traders getting liquidated into this, i got smoked and only started buying 1975, I cant even imagine how bad it is for the "buy any dip, market always gaps up" shitheads like Rickshaw man, someone should go check he didnt off himself.
Yeah, this has been trading like one giant liquidation trade...the bounces are what 10 es points and then down another 30-40 es points...
Definitely.. when I look at it - it's like, "this is just straight selling." Now down here from 1913-1920 it looks like there's a bit more support, but I'm still paying attention to the ebola land below us: Look at that selloff, just brutal.
Yes this chart is a good reason why those ES 8/28 1800p were trading at $10.00 with the ES 35 pts higher. Now they are trading at $23.00...