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Douglas Trading System


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#1 Douglas

Douglas

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Posted 09 November 2017 - 12:51 PM

Looks like the Tuesday and Wednesday 7 & 8th risk window that I noted in my last post tagged a top of some degree.  Tuesday and Wednesday dominated this week's chart of risk cycle turns, but I should note that this Friday the 10th also has a minor peak in risk cycle turns which could provide a market turn if the buy-the-dip or PPT gangs swing into action.  Of course risk windows can also harbour an acceleration of the current down trend too if this tax party bust hangover gets out of hand.  I wonder how that guy's doing who got his 15 minutes of fame for getting rich shorting VOL?

 

If the current damage lasts until 3 pm, the system will get stopped out of RYDHX at the close.

 

Regards,

Douglas

 

 



#2 Douglas

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Posted 09 November 2017 - 01:10 PM

I meant to note the breaking of the lower trend line on the SPX rising wedge this morning.  This pattern has been building since October 23rd.  The pattern projects an SPX at roughly 2544 in pretty short order.  It will be very telling if this formerly fairly reliable pattern works. 

 

Regards,

Douglas


Edited by Douglas, 09 November 2017 - 01:11 PM.