The system is long, but not by much. If the DJIA is below 19875 after 3 pm today, it's curtains for the long position. The risk window closed yesterday, so I'm hopeful the first trade of the year for the system won't be a whipsaw loss, but it's going to be close.
There is an absolute flood of risk cycle turns in January beginning at the end of this week. My best guess as to the center of the next cluster of risk cycle turns is this Friday the 13th of January through the next trading day, January the 17th. The center of the cluster after that appears to be Friday the 20th of January through Monday the 23rd. I've said this before when I've seen such a heavy cluster of risk cycles and been dead wrong, but my cracked crystal ball says the current low volatility, narrow Bollinger band market should give way to some violent swings later this month.
Regards,
Douglas
Edited by Douglas, 10 January 2017 - 06:32 AM.