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OptionsBoy

02/15/12 5:21 PM

#502784 RE: MNYC #502729

If it breaks under $45, I see it going to possibly $40-41

Current support is around $45. MACD bearish crossover as you mentioned might help take it back under.

PSAR broke bearish today, RSI(14) is just barely under overbought and has quite a ways to fall...

I'm playing it for my first short sell to see what happens.. if it bounces off $45 much I'm probably getting out though.
Wish me luck..

Thoughts?