Professor’s Comments Update 6/10/16

Posted by OMS  at June 10th, 2016

Even though ABX and most gold stocks are getting a nice pop today, I’m not seeing the kind of momentum acceleration or volume increase I would expect from an 0.80 cent move.

In other words, ABX is likely getting close to a near term top. If equities start to rally like I expect once the current correction completes, gold could start to pull back from current levels.

If you took this Trigger Trade in ABX, you might want to think about managing your money. Remember, I’m still considering all of these Trigger Trades, even the one in ABX, as trades.

One hour video recorded from May 28, 2016 The Professor’s Signs of a Major Market Turn – Prospectives and the Projected Timing and Levels One hour streaming video – includes webinar handouts The Professor usually holds an update class whenever the Market looks like it may be making a major turn. If you have been following the Professor’s Comments you know that a turn is due….. LEARN MORE

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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