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[Douglas]

Today is a turn or acceleration risk window with a small cluster of three risk cycles. It has been seemingly forever since an acceleration event occurred in one of these windows. Unless a black swan swoops in out of the blue, the odds don't favor it this time either given the positive divergences which are starting to pop up. The other point I want to make is very recently the turn or acceleration windows haven't worked, so a continuation of the string of duds may make all this moot. The trading system (long or cash only) remains in cash. Regards, Douglas