Professor’s Comments – Fed Announcement 11/2/22

Posted by OMS  at November 2nd, 2022

There was a small change of 2.8 points in the A-D Oscillator last night, so we need to be on the lookout for a Big Move within the next 1-2 days. Last Thursday’s small change signal resulted in an 828 point rally on the Dow. Remember, the signal only suggests a Big Move is likely. The direction can be up or down.

So with a Fed announcement scheduled for 2pm today, students should be careful with their trading.

TWID,

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.