Professor’s Comments Update 8/20/19

Posted by OMS  at August 20th, 2019

OK, so far the Dow dropped about 50 points after the open, then traded sideways for a bit before falling again. Now down 75 points. Again, we’re watching to see if the decline starts to become impulsive…five waves down.

The trannies started down this morning and look more impulsive than the Dow.

Still can’t pick up anything, but if the decline in the Dow continues in an impulsive fashion, the odds begin to increase that Wave 3 down of Major Wave 1 down is starting. Odds are still about 50-50 at this point.

Gold up nicely from oversold conditions.

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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

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The Hockey Stick Pattern
The Creation of Waves and Trends
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