Professor’s Comments Update 2 1/30/20

Posted by OMS  at January 30th, 2020

Earlier this morning, the Dow attempted to trade below the 28,500 level and failed . The same level was retested a few minutes ago with the same result. So its possible that the 28,500 level will NOT be penetrated, and unless the Dow moves below 28,500, it will be hard to count today’s decline as part of a five wave decline for Wave 1 down. Instead,the odds are increasing that the recent decline is part of a Wave 4 pullback within the ongoing Bull Market

Because of this the Model will be selling its selling its shares of DXD, SQQQ, and TZA by today’s close.

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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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