OK, met the doc and it was inflamation. Doc took out almost 25ml of joint fluid and wants me to visit him again tomorrow. I will not be skipping squating or creeping until tomorrow evening. Will do the other workouts in the morning, meet the doc in the afternoon and then skip, squat and creep in the evening. 

Damn, what a bad timing... 

Sashi,
I have had a swollen knee with fluid in it for the entire PCP. It started before the program. I found that the squats actually helped it and the jumping didn't make any difference. I figure that the synovial fluid is the joints way of bringing repair factors to the cartilage which doesn't get much blood supply. It sounds like you have ruled out infection or gout in the knee. I was worried that I wouldn't be able to complete the program but my knee is getting better (less swollen and much less painful) and I have done all the exercises. I don't know if the situations are analogous but that has been my experience.

Damn Sashi that stinks!  Take care of your knee.  Are you icing it?  I feel like David is on the right track, but I certainly do not know if both situations are the same.

Hey David, good to know I have company with this too.. .;-).. The doc said I shld be able to work out if my knee gets better by today. Will let you know. Take care of your knee..

Hey Teo, I did all the workouts this morning except for the skipping. I will be visiting the doc again this afternoon, the pain has reduced well, so I am hoping I will get a green from the doc for workouts. If so, for the first time in 33 days, I will be night skipping.. wondering if the starts n moon will pull me away from the rising sun. Lets see. . ;-)..LoL

Good luck with the doc