To me it seems apparent that strong buying took place all day in the YM contract which in turn caused the arbs to short the contract and buy the underlying stocks. I just find it interesting that YM lead the rally all day and only pulled back slightly after the close, or maybe I'm just talking BS. Opinions on this please.
Some of the fear went away - at least temporarily due to Fed/Tres./SEC action. DOW30 re-action was pretty much expected. YM vol was "normal" as well. Nothing unusual in the close either. rj