ALERT: By now all subscribers should be aware that the email version of these Updates go out well after they are posted on the website. On days like today, with Nasdaq down 800 points (3%) it pays to log onto the website periodically just in case I have something timely to say...as I do today. This Alert got posted around noon EDT, a full three hours prior to email delivery. ----- There is a story being told by the progression of charts below which I will elaborate on over the weekend. For now, suffice it to say that puts are in order, in particular, the Nasdaq 100 (QQQ). I don't pretend to know when, or even if, "the big one," is coming, i.e., a vicious bear market, but I sure as hell know when the hallmarks of an intermediate term decline are banging on my market timing door. Our job: Open the door and let 'em in. The shape of things to come for the Nasdaq 100? Three weeks into the Bitcoin short trade. QQQ July Puts (Quotes are as of posting this update on website, around noon EDT) Whereas any July QQQ put will suffice, II am adding the July $650P to our Premium Options Portfolio as of mid-day, Friday. Be prepared to add more on the way down. QQQ Weekly QQQ 2-Day QQQ 240 Minute Almost a picture perfect top, the culmination of three fifth waves of multiple degrees of trend coming together and right around a key projected Fibonacci extension level. This is just too, too, precise to keep under wraps until the sh__t hits the fan. I know, "Been there, done that, stopped out for a 50% loss, before." Nonetheless, it's my job to bring these matters to your attention to do with as you please. Much more to come in the Weekend Update, due out Saturday.
