Professor’s Comments Update 8/30/17

Posted by OMS  at August 30th, 2017

The Dow has tested yesterday’s potential sub-wave 2 high several times this morning and failed to make a major break through. So now, IF the short term PT indicators turn negative, I’m going to re-establish a few of the inverse ETF positions I got out of yesterday.

I didn’t mention it in the morning’s Comments, but there was a small change in the A-D oscillator last night, so we need to be on the lookout for a Big Move within the next 1-2 days.

Given that I’m still in the Bearish camp, that Big Move could be to the downside.

Trial positions only. I’m still not seeing any impulsive action.

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