8-6-14 kill dropped by -1.38 to 121.53. The weakness of the QQQs has kept them discounted to the Component by 5.93 with six more days of data to come in. In order for the Index to get down to where the QQQs are trading, it will have to drop an average of -1.10 each day.

Looking at today's drop, it appears that can happen.

I got the drop below 116.00 I was looking for and have now set myself up for a terrible beating if packers continue trashing the index like they did yesterday!

Best wishes,

dhm