Whenever MA jumps this big, it usually goes up another day or two. My near term price target is the 280s. I would wait to see any drops tomorrow. If it opens up, DON'T buy. You will over pay for those calls. If it is up 8 points and then drops 4, then pull the trigger. That is what I mean by a drop.
MA has gone up so much that there are bound to be sellers taking profits tomorrow. BE PATIENT! Use limit orders.
Oil could drop big tomorrow and we saw a hammer form in MA today. Which means a reversal. So that means we are not done going up.
The bottom line now is be patient people, don't chase it...! Wait for some kind of pullback and then buy. Like I been telling you folks all day today... START NIBBLING!!! No one is that smart or lucky enough to pick the exact bottom. But if you didn't, well what can I say other then pray AA misses tonight so the DOW sells off tomorrow and then maybe you can pickup some MA on any pullback.