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strong hands in action
it's my opinion that the strong hands who drive the stock market as they want paying attention to not disturb someone who is well above them, are currently substaining the stock market to such an extent
that if one goes short in this period with a larger time horizon than just very few days, he will be severely punished by the market. We' re in a phase of extreme market manipulation. I haven't yet closed my longs
but when I do, I don't think I will try even a very brief short position, wherever it might be.
Turn Windows for the Week of September 14th
The peaks in my turn probability summation for the DJIA this coming week occur on Monday the 14th, Thursday the 17th and Friday the 18th with the value on Wednesday also a bit too high to ignore, so pretty much the whole danged week yet once again. Useless I know, but you can hunt with a shotgun just as easily as you can with a rifle. You just got to be a bit closer when you shoot and be patient enough to pick the lead pellets out when you're eating your kill.
Last week the Tuesday summation peak just sat in the middle of a large move down in the DJIA -sort of an acceleration window, and the Friday the 11th turn window caught the predicted big BLS baloney rally, so my jaded view of those funny numbers was apparently spot on. The actual DJIA bottom occurred on Thursday, but as I warned in last week's post, the summation values for last week, like this week unfortunately, were high across the whole week.
My trap door lines in the sand values that I showed on my EWave count a week or so ago appear to still be good - below DJIA ~49,500 hades and above ~53,700 heaven. That EWave count won't survive a Warsh won't on Wednesday (how's that for some alliteration). I haven't given much thought to the ever needed alternative count, but I will almost certainly need to post a new, probably equally useless, but colorful count if Kevin fails to pull the trigger.
Regards,
Douglas
the risk is that this market goes on rising
till February, with only minor corrections along the way. I thought a correction might come in October, but even so it might be a minor one.
169 Views · 1 Replies ( Last reply by Douglas )
WHERE'S SISSY SPACEX??
Now that MR. Combover has resorted to paying for another election, it sure would be nice to have Sissy's bank account. (JMHO)
148 Views · 2 Replies ( Last reply by pdx5 )
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