Professor’s Comments March 17, 2014 Update

Posted by OMS  at March 17th, 2014

At the 10:30 mark, with the Dow up over 160 points, there has been a DMI change in both the DIA and QQQ.  The MACDs on both indexes are positive, but the P-volumes are still negative.

Anyhow, seeing the DMI change, I ran The Professor to see if he was confirming the change.

The Professor is wide awake now, and had 37 longs. just 13 short of the 50 required for confirmation.

It’s still early, but if the markets continue to rise, we could have confirmation of the DMI change by the end of the day.

Also, the VIX has triggered its Buy Signal buy falling below its Upper Bollinger Band.

I will be running The Professor throughout the day to keep you updated.

TWID,

h

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