10/27/15 was down -$0.76 and the model projects that the component on yesterday's kill will be down between -0.35 and -0.65. There is still a significant down-trend at work. It does not necessarily follow that the ZZZs have to follow the index down because they were discounted to the component at the settle by nearly 12 points. Even if we get the maximum projected decline in the component today it is likely there will still be a ten-point "Gap" and that is not insignificant!

It looked for a few minutes, Dewey, like the market was going to have a little pity on us and let the piggies move higher, but it now seems to have changed its mind. That's life in the fast track!

Mostly I am spread so that is cushioning the draw down some but I still don't like it. i did lighten my load a little on the "POP!" this morning. I don't know if I will be bold enough to add them back if the drop continues.

Best wishes,

dhm