The
Dow rose 20 points, closing at 17,812. Volume was moderate, coming in at
99 percent of its 10-day average. There were 63 new highs and 68 new lows.
Dow rose 20 points, closing at 17,812. Volume was moderate, coming in at
99 percent of its 10-day average. There were 63 new highs and 68 new lows.
Yesterday’s
early decline of 108 points followed by the late afternoon recovery rally
combined for over 225 Dow points. It was the Big Move predicted by
Monday’s small change in the A-D oscillator.
early decline of 108 points followed by the late afternoon recovery rally
combined for over 225 Dow points. It was the Big Move predicted by
Monday’s small change in the A-D oscillator.
The
pullback in the Dow only reached a low of 17,684, not quite the 17,600 level I
was looking for to establish the long trade I mentioned in yesterday’s
Comments.. But because the pullback was weaker than expected, it tells me the
next wave up will likely test and exceed the Ending Diagonal high of 17,978
established on 11 November.
pullback in the Dow only reached a low of 17,684, not quite the 17,600 level I
was looking for to establish the long trade I mentioned in yesterday’s
Comments.. But because the pullback was weaker than expected, it tells me the
next wave up will likely test and exceed the Ending Diagonal high of 17,978
established on 11 November.
Yesterday’s
pullback caused a small Hockey Stick pattern to develop on the Dow. If
this pattern extends for another day or so, the ‘Blade’ of the Stick will
become even stronger and act as the springboard for a re-test of the 20 May
highs. Right now if the ‘Stick’ is measured and added to the recent low,
the small Hockey Stick pattern projects a move to 18,388.
pullback caused a small Hockey Stick pattern to develop on the Dow. If
this pattern extends for another day or so, the ‘Blade’ of the Stick will
become even stronger and act as the springboard for a re-test of the 20 May
highs. Right now if the ‘Stick’ is measured and added to the recent low,
the small Hockey Stick pattern projects a move to 18,388.
I do
not expect this move to be straight up. If yesterday’s early decline was
the completion of wave ‘2’ within final wave ‘E’ up, the Dow should now rally
to about 18,100, then pullback in a wave ‘4’ before retesting the May high of
18,350.
not expect this move to be straight up. If yesterday’s early decline was
the completion of wave ‘2’ within final wave ‘E’ up, the Dow should now rally
to about 18,100, then pullback in a wave ‘4’ before retesting the May high of
18,350.
All of
the cockpit indicators, including the Dean’s List, Tide, and Money Flow
indicators, are supporting higher prices. The two patterns I currently
have on the Board also suggest higher prices with targets of 17,978 and
18,388. As long as the Dean’s List, The Tide, and Money Flow remain
positive, it’s likely that at least one of these targets will be reached.
However please remember that IF these targets are reached, it’s likely they are
the completion of Major Bearish Patterns. Please trade cautiously.
the cockpit indicators, including the Dean’s List, Tide, and Money Flow
indicators, are supporting higher prices. The two patterns I currently
have on the Board also suggest higher prices with targets of 17,978 and
18,388. As long as the Dean’s List, The Tide, and Money Flow remain
positive, it’s likely that at least one of these targets will be reached.
However please remember that IF these targets are reached, it’s likely they are
the completion of Major Bearish Patterns. Please trade cautiously.
BTW, I
have been running The Professor algorithm for the past few days to see if he
sees a major trend starting. So far, the most longs he has highlighted is
32, which is less than the 50 needed to start a major trend. Last night
he only had 7 longs. So while The Professor continues to maintain a positive
bias, it’s likely that the move higher will be choppy rather than straight up.
have been running The Professor algorithm for the past few days to see if he
sees a major trend starting. So far, the most longs he has highlighted is
32, which is less than the 50 needed to start a major trend. Last night
he only had 7 longs. So while The Professor continues to maintain a positive
bias, it’s likely that the move higher will be choppy rather than straight up.
The
markets will be closed tomorrow for the Thanksgiving Holiday. They will
also only be open for a half day on Friday. Because of this my next
update will be in this weekend’s WSR.(get the Weekend Strategy Review for FREE http://oneminutestock.com/professors-services/free-weekend-strategy-review/)
markets will be closed tomorrow for the Thanksgiving Holiday. They will
also only be open for a half day on Friday. Because of this my next
update will be in this weekend’s WSR.(get the Weekend Strategy Review for FREE http://oneminutestock.com/professors-services/free-weekend-strategy-review/)
Join me for 2 weeks and receive 8 of my nightly updates and 2 weekend strategy reviews plusmy Dean’s List
ONLY $9.99
Happy
Thanksgiving!
Thanksgiving!
That’s
what I’m doing,
what I’m doing,
The professor
Market Signals for
11-25-2015
|
DMI (DIA)
|
POS
|
|
DMI (QQQ)
|
POS
|
|
COACH (DIA)
|
POS
|
|
COACH (QQQ)
|
POS
|
|
A/D OSC
|
|
|
DEANs LIST
|
POS
|
|
THE TIDE
|
POS
|
|
SUM IND
|
POS
|
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articles
articles
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.
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.
