https://www.yahoo.co...-150838488.html

as a result of it here in this part of Europe we are paying gasoline 2 euro/liter while before the Iran war it was 1.6 euro/liter e this rising trend in its cost doesn't cease to stop. So far it's just an increase of 25%.

No further comment needed about the rethorics that the war has been won and Hormuz has been freed. 

https://www.youtube....h?v=4eilygZoRVQ

I am short QQQ.

This week my turn probability summation system predicts that the days most likely to see a turn in or acceleration of the current trend in the DJIA are Monday August 31st (which may just be a part of a larger window stretching from last Friday) and a window running from about noon on Thursday September 3rd thru Friday September 4th, the same pattern as last week.  

Last week the Monday the 24th turn window tagged a tiny inconsequential low shown in the marketwatch.com plot excerpt below and so was a dud.  The Thursday 27th noon thru Friday the 28th turn window may have caught a top of some degree depending on action this coming Monday.

At Jackson Hole, Warsh carried on with the same old schtick he rolled out at the FED meeting of talking tough with no firm plans of actually doing anything to stem inflation other than helping the Treasury with Bessent's latest operation twist which probably pumps up stocks actually making total real inflation which includes asset price increases worse.  No "we're raising rates until inflation dies" Volcker-like statement. The two year note took it on the chin, but stocks hardly budged having seen this kabuki many times before. 

Regards,

Douglas

I have to postpone by one month the start of the short term correction I'm waiting for. It should be at the beginning of October instead of the beginning of September, eom. 

There's a sector that is bouncing and it should go on for another month. This change of mind happens to me because I tend to adapt myself to the market. What is important is 

that such a change of mind comes before and not after otherwise it would be a joke. Let's see how it will go.