Professor’s Comments Update 3/19/19
Posted by OMS at March 19th, 2019
Two of the positions in the Model are EXTREMELY overbought now with no trend in place. And with tomorrow’s Fed Meeting staring us in the face, the Model will be selling its ½ position in UGL and QLD for small profits. It will also be reducing its full position in UCO by half.
One of the reasons I believe this conservative approach is warranted now is because I’m starting to see money leave the market. So with an overbought RSI, no trend, an unclear pattern, and an approaching Fed Meeting, I just want to pay the 5 bucks and move to the sidelines. I see no point in risking money with the above conditions.
One hour video recorded from May 28, 2016 The Professor’s Signs of a Major Market Turn – Prospectives and the Projected Timing and Levels One hour streaming video – includes webinar handouts The Professor usually holds an update class whenever the Market looks like it may be making a major turn. If you have been following the Professor’s Comments you know that a turn is due….. LEARN MORE
Not sure of the terminology we use? Check out these articles
The Hockey Stick Pattern
The Creation of Waves and Trends
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Category: Professor's Comments