Professor’s Comments December 20, 2013 Update

Posted by OMS  at December 20th, 2013

With the SPX breaking above and holding above the 1813 level, I ran The Professor. He was highlighting 89 stocks as longs,and only 2 shorts.

In other words, he is confirming the Buy Signals I’m currently getting on the Dow(DIA) and SPX.

Preliminary target for the move, based on the triangle, is near the 1860 area.

I’ll have more on this target this weekend.

TWID,

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.