The Qs went into freefall right out of the gate, dropping 1.00 in the first 90 minutes. After that, it was touch and go at S2, until it finally fell through the bottom in the last 1/2 hour. The Qs are now sitting at the 20 DMSA, a critical support level. The linear regression channel currently shows the Qs oversold, and I'll post that chart along with the weekly update tomorrow.
The VIX closed at 22.96 had a very volatile day and now sits a full 25% above the 10 and 20 DSMAs, with fully 50% 0f the bar above the upper band. Today's action triggers my RSI reversal model which posits if the VIX finishes >18% above the 12 DMSA, there is an 82% probability of a reversal back to the 16 DMSA within 4 days.
Looking through the DOW components, it was pretty much a blood bath, with CAT down 4.26, MMM down 7.30, XOM down 3.18 and the 2 gorillas (INTC and MSFT) down .61 and .86 respectively.