Jump to content



Photo

Douglas Trading System


  • Please log in to reply
No replies to this topic

#1 Douglas

Douglas

    Member

  • Traders-Talk User
  • 862 posts

Posted 13 November 2017 - 02:55 AM

According to my system, the day with the highest risk of a turn or acceleration of the current trend this week is Friday the 17th.  There is also a minor risk peak on Monday the 13th which I assume is associated with the minor peak on Friday the 10th and the on-going market turn up which started at the end of last week.  The ingrained buy the dip impulse should keep that bounce going for a day or so.

 

Given the deterioration of the market internals near new highs, there would appear to be an elevated risk of a very sharp move down in the coming few weeks.  Some measures of sentiment have also reached extremes.  For a good example scroll down the posts at twitter.com/charliebilello until you reach the long term chart of the Investor's Intelligence Bulls - Bears. 

 

Regards,

Douglas