Professor’s Comments 2nd Update 2/24/20
Posted by OMS at February 24th, 2020
Just after the open, the Model exited its trial position in DDM. My primary reason for doing this is that I’m not seeing any demand for stocks now, even though they are EXTREMELY oversold. This is what tends to happen when traders panic…buying simply dries up.
This is simply a place where discretion is the better part of valor. The time for being aggressive with stocks will come, but right now is NOT that time.
I’m on the sidelines.
That’s what I’m doing.
h
Not sure of the terminology we use? Check out these articles
The Hockey Stick Pattern
The Creation of Waves and Trends
FAQ
All of the commentary expressed in this site and any attachments are opinions of the author, subject to change, and provided for educational purposes only. Nothing in this commentary or any attachments should be considered as trading advice. Trading any financial instrument is RISKY and may result in loss of capital including loss of principal. Past performance is not indicative of future results. Always understand the RISK before you trade.
Category: Professor's Comments