Professor’s Comments December 12, 2013 Update

Posted by OMS  at December 12th, 2013

I checked in with the Professor twice today, and he’s still not seeing much.  It’s a very unusual trading day because the Dow is down big, but a lot of tech stocks on the NASDAQ, including AAPL, are actually up!  Amazing!!

So while the number of shorts highlighted by The Professor continues to increase, the number still has not risen to the point where I can call an overall downtrend in the market.

This unusual development is telling me that a lot of rotation is going on, which bodes well for a future rally once the current correction completes.

h

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.