Professor’s Comments December 19, 2013 Update

Posted by OMS  at December 19th, 2013

Gold has broken below the 1200 level and is currently trading at 1195.

My target for gold remains near the 1150 level.

Also as expected, the Dow and S&P are pulling back in what appears to be the final wave of the triangle pattern. The S&P is now trading at 1804. I’m watching for a move below 1800 and then to 1790.

TWID,

h

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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