Replies to post #25715 on ajtj99's Market Pulse

[ajtj99]

Monthly NDX chart showing 13-EMA and 20EMA targets at 1364 and 1358:

http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[h,a]maclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f...

Note how the lower volume re-test of the 50-EMA on the monthly last month led to this drop to test the March lows this month.

[SteveO]

Isn't the point of max pain that it makes as many options expire worthless as possible? Why would this have any pain unless it happens at expiry? I think we are getting my bear flag here.