its 30 to 1How much is leverage of these 22b?
I think it's 2:1 Ratio. So if you see the NASDQ, this is what the ETF is hedge against. I believe it's the top 100 companies on the NASDQ. I would not use the QQQQ as a benchmark because it's not a correct correlation. Keep an eye on the NASDQ, probably the best messure. Also, I am thinking of selling calls against my long position, to capture income every month while I wait for this to pop. This market can't continue to keep on going up and up and up and up without take a break.
It is the NASDQ 100 the yahoo symbol is NDX. It is the OEX. Mainly tech companies.
6-10% correction due real soon.