Professor’s Comments Update 9/28/16

Posted by OMS  at September 28th, 2016

You might want to keep your eye on UUP, the Dollar ETF now.

Right now its trading at 24.71. If it starts to trade below 24.66, I’m going to start adding to my gold positions.

The reason for buying gold with the Dollar ETF below 24.66 is because that price represents the neckline of a small Head & Shoulders pattern. Any move below 24.66 should cause gold to rise.

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
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.