Professor’s Comments After the Open 1/8/19

Posted by OMS  at January 8th, 2019

Since this morning’s gap up opening, the Dow has declined in five distinct waves. These waves can be easily seen on the 2 min chart of the DIA.

So once all five waves of the decline are complete, I’ll be looking for a small a-b-c retracement. If the retracement develops, the CCI on the hourly chart of the Dow should start approaching the zero level. Then IF the CCI starts to break below the zero level, I’ll start looking to short the Dow by buying inverse index ETFs from the Dean’s List.

TWID,

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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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