Professor’s Comments – A Few Comments 2/18/2022

Posted by OMS  at February 18th, 2022

Yesterday’s decline was likely the start of Wave 3 down.  By the looks of things, it still has a looong way to go.  If the indexes open higher this morning, I will be looking to add to my existing short positions. The bias is negative, so the odds are high that short or inverse positions will be successful.

Yesterday’s market rout resulted in another Big Pay Day using the Arrows and my new bias indicator.  It was the sixth consecutive cigar day for me.  Marcia thinks I’m smoking entirely too much lately!

BTW, with all the volatility in the market, I thought it might be a good time to have another Update Class to review current conditions and where we are in the wave count.  The Class will give me an opportunity to show students my new bias indicator.  The Class will be held next Wednesday. 23 February, at 4:30 pm after the market closes.

Dave will be sending out an email announcing the Class this weekend.  If you don’t get the email by Sunday evening, you might want to check your email settings to make sure it was not blocked or went into your trash folder.  Dave spent entirely too much time notifying students who blocked our emails announcing the last Update Class.  I won’t let this happen again.  I told Dave that I will announce the Class on the website today and tomorrow in the WSR.  I asked him NOT to send out any follow-up emails after this weekend, so sorry ‘bout dat.

So, if you want the Class, just go to the website during the weekend and register. Cost is $25.  Heck, just having the new indicator is probably worth $200-300 or more.  Don’t even think about it…just go do it.

Also, if you don’t already have the Enhanced Arrows, now is the time to get them. Send Dave an email and he’ll give you a special President’s Day rate.  He doesn’t know I’m doing this, so tell him you saw it in today’s Comments :>)

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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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