Rotate movieclip according to mouse direction, drag


Is it possible to rotate movieclip, while dragging, according to mouse direction and mouse x, y on that clip.

on the picture the 0, 0 of the mc containing red box is where the lines cross, the mouse point is indicated with cursor and around it is the circle where clip’s x and y should be constrained and movieclip should rotate according to mouse movement direction for example: when mouse is moving straight down then the clip’s x, y rotates up and stops when its 12 o’clock…

Does it make any sense?