My risk window trading system indicates that there is an elevated risk of a turn or acceleration of the current trend from Monday the 17th until the morning of Tuesday the 18th.
The low last week occurred in the opening minutes of Tuesday's trading just outside the Monday risk window. So I guess that's a near miss rather than a complete dud. Signals with a lot of risk turns are more like a shot gun blast than a rifle bullet. The jury is still out on the turn down during the Friday risk window which like last week extends into the beginning of this coming week.
The severe sell off I was worried about the last several weeks based on the lousy numbers generated by my system has so far failed to materialize. The system is just hanging onto its sell signal by its finger nails. I guess if the system flips to buy this week, I'm gonna have to drag that crow pie out of the frig and eat it feathers and all.
Speaking of birds, my black swan detector was triggered this past week. I know that every one of these harbingers that have braved the East River run to Wall Street have been mercilessly blasted out the sky. I suppose its fate one way or another should be sealed by the close of the risk window in the early days of this week with mort subite being its likely destiny.
Regards,
Douglas
