Professor’s Comments After the Open 12/9/15

Posted by OMS  at December 9th, 2015

JetBlue (JBLU) is pulling back today in what appears to be a two wave pullback after yesterday’s pop. Because it was highlighted by Emeritus yesterday, I have to assume the pullback is part of a wave 2. Because of this, I started buying my ‘trial’ position near 25.80.

The Dow held the 17,500 level and should now start to chop higher. My first target is the 18,100 level..

That’s what I’m doing,

h

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The Hockey Stick Pattern
The Creation of Waves and Trends
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