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Did AAPL Breaking $500 Cause The Nasdaq To Implode?
While we somewhat ironically tweeted of the possibility that AAPL breaking back below the mythical $500 level was indeed responsible for the NASDAQ breaking...
Time for BATS to declare self help against AAPL
— zerohedge (@zerohedge) August 22, 2013
Ok, who sold AAPL and broke the NASDAQ?
— zerohedge (@zerohedge) August 22, 2013
Well a glance at the following charts from Nanex shows that may well have been the case as the chaos in the market during that time was extreme to say the least...
AAPL trading in the run-up to the NASDAQ breaking... (via Nanex)
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