Here it comes...the DROP #QQQ #NASDAQ

Yes. I fucked up. I recorded 2 calls when I actually recommended a call and two times the put with Jan calls and Feb puts. You would still be ahead a bit. Hold on to that put however and do not sweat the call, because the QQQ is about to drop like a rock.
As a matter of fact ahead of the drop, I am going to recommend more QQQ puts. I am going to do 1 put contract for Feb and 2 for march.

Here is whats happening. The market is now trembling and everyone feels the ground rumbling. The front page of Marketwatch.com has the headline of "Google hits 15 month low, nearing new bear Market. Another headline on that same page has Prince Awaleed saying that "Oil will never hit 100 dollars a barrel again. Yes, the sky is falling and the drop is coming. Here is another about falling oil displaying the underlying truth about the market. There are some serious cracks in the foundation.

Timing of the Upcoming Drop

We know its coming. The question is when. To answer this question, we go to the technical charts. First we observe that the coiled spring that I told you about yesterday is actually tightening The more energy that it puts into the coiled spring the more its going to blow:

As you can see, the spring above continues to tighten. And from looking at the past price history of this coiling spring by looking at the candle chart day by day I am going to estimate that this drop is going to start next Monday or Tuesday.
So hold on to your friggin hats, because its going to be a doozy and all over the financial networks for about two weeks before things start to steady out.
Lets get ready for this. 3 sets of puts, 1 in Feb and 2 in March.

Here is the Feb QQQ Put:

QQQ Feb 2015 100.000 put (QQQ150220P00100000)

 -OPR  Watchlist

1.88  0.46(31.08%) 3:22PM EST

Add to Portfolio

Prev Close:	1.48
Open:	1.41
Bid:	1.85
Ask:	1.86
Strike:	100.00
Expire Date:	20-Feb-15

Day's Range:	1.36 - 1.97
Contract Range:	N/A - N/A
Volume:	4,495
Open Interest:	21,580

And here are two March QQQ Puts:
This first one is March 20th expiration:

QQQ Mar 2015 100.000 put (QQQ150320P00100000)

 -OPR  Watchlist

2.71  0.59(27.06%) 3:22PM EST

Add to Portfolio

Prev Close:	2.18
Open:	2.12
Bid:	2.74
Ask:	2.76
Strike:	100.00
Expire Date:	20-Mar-15

Day's Range:	2.12 - 2.80
Contract Range:	N/A - N/A
Volume:	2,265
Open Interest:	22,769

And this second one Expires on March 31st

QQQ Mar 2015 99.000 put (QQQ150331P00099000)

 -OPR  Watchlist

2.56  0.40(18.52%) 3:22PM EST

Add to Portfolio

Prev Close:	2.16
Open:	2.56
Bid:	2.61
Ask:	2.67
Strike:	99.00
Expire Date:	31-Mar-15

Day's Range:	2.56 - 2.56
Contract Range:	N/A - N/A
Volume:	1
Open Interest:	963

So now we are vested and ready for the big drop.

It is always good to learn technical and fundimental analysis to see which way the market is going. It does no good to know that an asteroid is coming and to go about your daily business with a smile on your face looking toward the future with all your longs and calls. To quote the movie "The Dead Zone": "The Ice is Gonna Break!."

You got about a week,
Mark