Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Here's what I was referring to:

Monthly support on the NDX appears to have been tagged today:
http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[h,a]macl...

Today's lows may hold until later in the week. We're in a minor uptrend on the NDX intra-day charts, although it may be capped at NDX 1010 or so. From there, the monthly chart allows a drop to support at NDX 930 or so in January. That is a good way to screw lots of folks.

Since Max Pain is 25-26, and we've got lots of tough overhead resistance, we might hang out in the lower levels for a few days before we deal with Max Pain.