Professor’s Comments Into the Close – Mon, Dec 7th, 2015

Posted by professor  at December 7th, 2015

Heading into the close, we need to be mindful of a Hockey Stick Patter that has developed on the 15 min bars of the DIA.
If 176.42 is broken to the downside, it could send the DIA back down to the 174 level.
Remember, The Tide is still negative, so any long positions will have to fight the breadth of the market.
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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
FAQ

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