Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Max pain by my calculation is at QQQ 36.60 for March expiration. That's about NDX 1471.

The NDX weekly down channel is bounded by 1394 tomorrow at the low, so look for that to reign in any low in the AM tomorrow if we do indeed continue to drop. Next week's high should not exceed 1468 NDX if the down channel continues to progress at the current rate of decay. That may get tagged, as I've seen stranger things happen during expiration.

Ideally, the 1452 NDX area ought to be decent resistance and hold back any advance, but the channel top may be a compelling target, as we've hit it 3 out of the last 4 weeks:

http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[h,a]waclynay[db][pc9!c13!c20!d20,2!h.02,.20!c50!...