Professor’s Comments update August 12, 2013

Posted by professor  at August 12th, 2013

I was just watching FOX business news and one the questions they were asking was  “What do you do on a day like today?”  Apparently they don’t know what to make of today’s market. Hmmm?

Here’s what I’m watching:

TBT on the 60s.  If the 60s turn positive I’m a buyer as a Rifle Trade.

Same for SLB.  It’s down 0.16 cents today with positive PT indicator on the Daily’s. If it turns positive on the 60s, I’m a buyer.

Physical silver, SLV, identified on Friday after a TLB Pattern, is now up 0.88cents.  I am often asked about using options on stocks that turn Green after a TLB Pattern.   Hmmm?  Ya know that I don’t advocate trading options, but if you bought one on SLV, ya gotta love it!

BTW, remember that we still have a small change  signal in the A-D oscillator on the board.  Watching for a Big Move.

TWID,

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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