Professor’s Comments update August 12, 2013
Posted by professor at August 12th, 2013
I was just watching FOX business news and one the questions they were asking was “What do you do on a day like today?” Apparently they don’t know what to make of today’s market. Hmmm?
Here’s what I’m watching:
TBT on the 60s. If the 60s turn positive I’m a buyer as a Rifle Trade.
Same for SLB. It’s down 0.16 cents today with positive PT indicator on the Daily’s. If it turns positive on the 60s, I’m a buyer.
Physical silver, SLV, identified on Friday after a TLB Pattern, is now up 0.88cents. I am often asked about using options on stocks that turn Green after a TLB Pattern. Hmmm? Ya know that I don’t advocate trading options, but if you bought one on SLV, ya gotta love it!
BTW, remember that we still have a small change signal in the A-D oscillator on the board. Watching for a Big Move.
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Category: Professor's Comments