Replies to post #5639 on MDA - Market Direction Analysis (MDA)

[hk2]

I wouldn't be suprised to see MP hit by Tomorrow or Friday.
This morning at http://www.iqauto.com/cgi-bin/pain.pl , MP was evenly splitt between 24/25, Unlike last month when it was firmly pined till the end.

I also see lots of option volume at http://www.cboe.com/MktData/default.asp
and it may have been folks like me closing our puts and opening calls. If thats the case, MP should drop another notch. Check the MP site before the opening bell, as I don't think it updates to the following day. If MP has dropped, we are effectively there, as QQQ is $24 as I'm writing.

So, pick your resistance.


1280 - The the gap down low from last Friday
1290 - pivot low from 24 Feb
1300 - round number and 13 EMA
1310 - 20 EMA (my line in the sand)

I place a limit order to buy some puts around 1382, but NDX is way more excited than COMPX, so they hit around 1375.

Oops!