Professor’s Comments May 23, 2016

Posted by OMS  at May 23rd, 2016

Quick update:

Wave 3.2 up could have completed this morning. If this is the case, prices should start to decline impulsively as wave 3 of 3 down begins.

A break of 17, 485 on the Dow and 70 on CAT would tend to confirm that wave 3 down is underway.

BTW, I’m thinking about doing an on-line update class in the next few days. I really have some good stuff to share with you.

If you’re interested, send me a quick email. If I get 25+ I’ll do it.

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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