went to hell in a handbag as the saying goes. It was especially the bellies that were taken out behind the wood shed and given a thrashing.

I cleared the deck of the long Q/V spreads that had gone stale. All I lost was "Market Money" but I hate it when that happens. Your idea of another 5 to 10 point plunge just might be in the tea leaves with cutouts weak and the kill showing strength for the last couple of weeks. It is beginning to look like the H&P numbers were correct overall but the categories were off. If that is the case, we are going to see some strong kill numbers coming down the pike.

Best wishes,

dhm