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Quick and Dirty Look at the Turn Windows for the Week of...
This weekend I just had time for a quick and dirty look at the turn probability summation system before getting tied up for the rest of the week. Looks like the days with the best bet for a turn or acceleration of the current trend in the DJIA are Tuesday June 16th and Thursday the 18th which appears to have the highest system reading for the week.
Last week the Monday the 8th turn window was part of a larger window from Friday the 5th of the previous week. This window covered a nice move down but not the turn itself on Thursday the 4th, so it must be considered a dud although it probably could be called an acceleration window of sorts, but that's just letting the system off the hook for missing the turn. The Wednesday the 18th turn window did tag the low for the week and the kickoff of the latest bubble event, the SpaceX rally.
The Fed new guy Wednesday presser or the latest Iran War peace talks' news will probably be the main things moving the market in the coming week potentially resulting in some sharp swings.
Regards,
Douglas
World has it's First TRILLIONAIRE
SpaceX IPO makes Musk the first trillionaire in the world, more than 5 times richer than any other person.
60 Views · 2 Replies ( Last reply by fib_1618 )
On Fast last 2 nights Dan Nathan has been quite vocal about
shorting semis, Not for me I covered and bought some last night. They have been performing better than I thought they would. If we get another big dive today ,I'll buy a little more. Sissy comes to market tomorrow with a pile of money and something to prove, 9f he says anything about throwing more $$$ to NVDA or other semis, shorts will get their FKN heads ripped off.For me its way too risky to be short semis now. (JMHO)
Karg= Boots on the ground. Shouldnt be much of a
battle but lets seehow the market takes it. Sounds like we're really going to be there awhile. (JMHO)
172 Views · 2 Replies ( Last reply by pdx5 )
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