A QQQ Power Play for Today

Besides the obvious things in the market today and the swiss meltdown that I will talk about in amy next post today, I feel that there might be an undercover opportunity lurking in the shadows.
Today everyone is screaming that the sky is falling. Everyone is running around for shelter. Then there is the lone contrarian that is standing there in the street calmly as everyone is running around him, car horns blaring, tires squealing. And he then quietly says, "Purchase QQQ options at the money."
Why would our contrarian say that? Lets first of all look at today's chart:

Something technically interesting has developed. A Resistance base. Resistance bases form as a defense, a safeguard made up by traders who are not convinced that a stock or an indicator is weak enough to be overbought. What this means for us is there is a chance that the QQQ could temporarily recover as it uses this base as a temporary bounce to go up a bit before it consolidates and blows through this barrier going south. Its like a group of citizens putting up a wall of sandbags to stop the flood waters rising in a town. So we are going to play this balls out: We are going to do an extremely dangerous option play. The reason for this is the more the risk the greater the potential for profit. And this chart and the resistance line says if this is going to bounce its gonna happen ttomorrow And this option expires on the 17th. So its bounce or no bounce. Here is the option:

QQQ Jan 2015 100.000 call (QQQ150117C00100000)

 -OPR  Watchlist

0.59  0.86(59.31%) 2:10PM EST

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Prev Close:	1.45
Open:	1.77
Bid:	0.61
Ask:	0.62
Strike:	100.00
Expire Date:	17-Jan-15

Day's Range:	0.55 - 1.77
Contract Range:	N/A - N/A
Volume:	9,536
Open Interest:	45,092

Now this is either going to work or your option is going to expire at almost nothing, as you will have to sell this tommorrow either way.

Work it man, and feel the adrenaline rush of risk,
Mark