Replies to post #81723 on Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

To show that it is possible for the NDX to drop nearly 20% in a short time, you only need to look at July 8-23.

http://table.finance.yahoo.com/d?a=4&b=27&c=2002&d=7&e=28&f=2002&g=d&s=%....

The NDX dropped from 1066 to 869 in 12-sessions. That's 18.5%.

A drop from March 18 to April 4 would be 12-sessions.

Just something to bounce around here.

April 4, that date has some kind of significance....... <G>.

By the way, Max Pain on the QQQ for April is 25, but the open interest is so small I could see it moving down to 23 if we get a real downdraft.

An early low in early April would work well with April expiration also, giving the MM's enough time to ramp for Max pain April 18.