The lack of buyers in the Nasdaq would give anyone trepidation. The freefall has all the signs of a total, endless panic where sellers are willing to take any prices knowing that it will be down more on Monday.
What we are seeing now is a sense that there's not going to be money made again in tech now that President Trump has decided to protect tech in his fight for intellectual property rights. It's ironic but the Facebook (FB) privacy issue, the Micron's (MU) flash issue and the president's $60 billion in tariffs -- so unorganized -- are just crushing the NAZZ, It's been a long time since I have seen such a rout.
The only thing that people have going for them who are trying to hold on is that the market is oversold and will be very oversold by Monday. Slender reed, but a snap back rally's always possible.
Oh, and one other thing: Dropbox (DBX) is a sucker's play at these levels IF the rest of the NAZZ is going to go down. Who do people think Dropbox sells into? Do people think that it's immune to tech spend?
I'd sell some if I got some. Right here.