Professor’s Comments November 6, 2015

Posted by OMS  at November 6th, 2015

Key trend line support on the Dow (DIA) at the 178 level was just broken for the second time.

The pattern suggests that wave 3 of 3 down is starting. You can see the large bars developing on the 15s which are an indication of an impulsive wave.

So far the Dow Is down about 65 points. Remember, there is a Small Change signal still on the Board.

Watching,

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.