The widespread lack of concern to today's move down is interesting nonetheless. At least it shows how well trained markets players have become. Said training represents a key ingredient in the eventual move down, whether this be it or not.

Today I was watching traders buy calls hand over fist with each downtick thinking they are getting the best deal ever, mind you, on the first real day of a down move - not a typically good strategy. What happened to waiting for the 3rd day or at least waiting at all?