Wednesday the 26th is the next turn or acceleration of the current trend risk day identified by my system.
I'm still spitting out feathers from that crow pie. The severe turn down I projected never materialized, but at least the risk window from very early last week identified a low. I was so transfixed by my system's sell signal failure last week that I missed noting that Thursday the 20th was identified by the system as another turn date, but unfortunately market 20-20 hindsight is worthless as tits on a boar hog.
Clearly I'm going to have to join black swan anonymous or at a bare minimum use higher power binoculars looking for them. I was sure that I spotted one winging its way to Wall Street last week. Whatever it was, I guess it too is floating lifeless in the East River now.
Speaking of recent failures, the trading system issued another sell signal Monday. Maybe the FED will finally sink the ship this week and redeem my fetid system. Given their bubble fetish, I do realize that is probably just wishful thinking.
Regards,
Douglas
