Professor’s Comments Update 5/16/19
Posted by OMS at May 16th, 2019
Today’s rally looks more like a small wave ‘b’ up move within a declining a-b-c pattern than anything else. IF this is the case, the Dow could still decline to the 25,200 or lower once this wave ‘b completes.
So right now, I’m looking to take a small ‘trial’ position in DXD’s IF…and it’s a Big IF, the 15 min bars tun negative.
Trading complex a-b-c corrective patterns is tough, so I’m only going to take a small position.
That’s what I’m doing,
h.
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