QQQ forecast and some order updates

No action on the ASEI option. The stock basically had no reaction to earnings in price movement, so we are out at the same price we got in (note the bid and the ask) and we move on.

ASEI Nov 2014 55.000 put (ASEI141122P00055000)

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8.36 0.00(0.00%) 12:47PM EST

Prev Close:	8.36
Open:	8.36
Bid:	2.30
Ask:	2.95
Strike:	55.00
Expire Date:	22-Nov-14

It looks as though the market is doing the hang/pause. This occurred with the QQQ last time before there was a crash, things plateaued for a week and a half. Lets take a look at the QQQ daily, or what is going to be happening over the next several days:

As you can see this sideways action has happened before, leading up to a slight correction. We are currently in this price action again, and if the price action repeats itself, we could be walking/chopping sideways for another week and then comes a drop.
I was looking at a chart of the QQQ weekly, or what the QQQ is going to do over the next several weeks and I saw a big problem coming...kind of like when you are standing on a beach and you see all the water rush away from the beach so that you are just looking at a beachbed with starfish. (It means that a Tsunami is coming) Lets take a look at the weekly QQQ:

This deflation of the QQQ wont come for over a month, but things are setting up right now. By merging the two charts together, I would say that we are good for another week- week and a half and then the market is going to blow off some steam. This means you can play around for another week or so but then step back for a week or so while the market blows off.
More pics to come in an hour or two.

Mark