Professor’s Comments – A Class about Nothing 4/29/2022

Posted by OMS  at April 29th, 2022

 The market rose sharply yesterday with the Dow approaching the target levels I mentioned in Wednesday’s early Comments. A good portion of the rally was driven by short covering.  Volume was strong, but breadth was weak, as the number of new lows stayed extremely high, over 500.  The wave ‘c’ rally also followed the Principle of Alternation beautifully, as it was almost straight up after a choppy wave ‘a’.  So, both in terms of pattern and in retracement levels, it appeared to be a classic wave 2. It also means that the next wave down, Wave 3 down, is right around the corner. This wave should be a massive decline.  It should be the best opportunity to make money on the downside for the year.

Because of this, I will be holding a Class About Nothing on Monday night after the market closes. It’s been a long time since I held one of these Classes and I probably won’t do one again now that UNF has terminated its Continuing Education Program.  If you remember this Class, I used to start the discussion with a short review of the markets and where I believe they are headed.  I plan to do the same thing in this Class, presenting my near and intermediate term targets for all four major indexes, followed by my current targets for gold, crude oil, and bonds. I’ll also give you my rationale for how I derived these targets. It should be fun. But the most important part of this class was never about what I had to say or present, it was always about you.  The Class About Nothing is your Class.  You get to ask the questions. It’s almost like a one-on-one session, except the price is reduced significantly.  Instead of my usual $125/ half hour rate, the price is only 50 bucks.  Class size will be limited, so sign up quickly.

In the past, when I taught the Class About Nothing at UNF, it was always my most popular class. Students told me they really learned a lot by hearing each other’s questions. So, with the market at a significant turning point, with the best opportunity of the year to profit, I want to give my students an opportunity to have all their questions answered.  I want you prepared.  We can talk about anything you want except sex or golf. If you have a question about how I used the indicators to generate profits of 6K, 7K, and 2.5 K last week, this is your opportunity. I’ll show you the indicators and settings I used and exactly what I did to generate those profits. I will also make this extremely simple and not waste your time.

Dave is currently preparing an email to announce the Class. Once his email is out, registration will begin.  DO NOT GET SHUT OUT!

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Not sure of the terminology we use? Check out these articles

The Hockey Stick Pattern
The Creation of Waves and Trends
FAQ

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