Colgate is leading the pack....

...down that is.  As you can see from the chart below, Colgate (ticker: CL) began crashing on the 14th of July, well ahead of the broader markets.  It has clearly already completed wave 1 down and then wave 2 back up and you can see below left on the 120 minute scale.  In addition, it has finished waves 1 of 3 and 2 of 3.  So you can see that CL is being set up to gap down into 3 of 3 right when the broader markets begin 1 of 3 down.  CL might have 1/2 or 1 day of rally left in it to crawl back up to the prior 4th at 61.70 (in other words, it could still be working on blue 2 despite the labeling on the model lower right).  Or, model lower right could be spot on.  Either way, this is when smart people look at buying put options because the shares are LIKELY entering a 3rd of 3rd.  So the likely rapid downward movement of the shares should make put options very lucrative and you don't have to buy the 2016 either.  This thing could be at $58 in a matter of 2 weeks or less.  So the Jan 2015's are a good way to go IMO.