Professor’s Comments Updates 6/5/2020

Posted by OMS  at June 5th, 2020

10:00 update:

BTW, In case you were wondering , the last Fibonacci retracement level is .786. This is considered a full retracement, which is a very unusual event for a Wave B. That’s the equivalent of 27,138 on the Dow.

h

11:10 update:

With the Dow approaching 27,138, the Model is buying a trial position in DXD. The Model is also selling half of its shares of TBT and placing a stop on the remaining shares. If the Dow begins to fall, Bonds should rally, impacting the Model’s shares of TBT.

h

Not sure of the terminology we use? Check out these articles

The Hockey Stick Pattern
The Creation of Waves and Trends
FAQ

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