Professor’s Comments Update 3/5/2020

Posted by OMS  at March 5th, 2020

Today’s early decline looks an awful lot like Wave 1 of Major 3 down. The retacement wave after the opening looks like Wave 2. Because of this the Model will be establishing a trial position in DXDs on any negative turn of the short term indicators. If the hourly ndicators remain positive on the Dow into the close, the Model will still be establishing a small position in DXDs that it will hold overnight. I believe the risk-reward ratio favors the downside at this point.

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