Replies to post #47206 on ajtj99's Market Pulse

[Math Junkie]

I see that max pain is till at 36 for May. (The official Max Pain page is still showing April options, so I used the maximum pain calculator at the following link, which is based on CBOE data from about an hour ago.)

http://www.iqauto.com/cgi-bin/pain.pl

[Justa Werkenstiff]

Market review: I said a few days ago: "The decline in the SPX and NDX were brutal the the last three days of last week. This will not be easily overcome. I expect choppy and volatile action. We got the small body yesterday as speculated last Friday in the SPX. The crows look to be of the expanding type. Odds now favor a close below SPX 1145 within the next week. I think that is a good entry for a trade."

Looking pretty good....