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Listen to Mark S. Young's Interview on MarketView
200 Views · 2 Replies ( Last reply by da_cheif )
According to my system the days with the highest risk of turn or acceleration of the current trend next week are Monday February 24th and to a lesser degree Wednesday February 26th. The 24th signal is the highest in a while, so anything other than a sharp turn up or a slam down will be considered an abject failure. Since the DJIA fell into the end of last week, the system's turn prediction for Monday would be up and the acceleration would be down hard.
In last week's Tuesday turn risk window the DJIA did turn up mid-morning, but it was a one day wonder reversing and turning back down the very next day in the Wednesday turn risk window. Even though both days caught turns, I think I have to call these whipsaw risk windows duds, for sure the Tuesday one. If the market accelerates down Monday the 24th, the Wednesday the 19th one might squeak by with a useful grade.
The Pound tried to turn down last week only to be forced back up towards that $1.3 resistance line. My system is still forecasting lower Pound prices, but it sure is taking its sweet time getting there.
284 Views · 3 Replies ( Last reply by Douglas )
NYAD printed a new high Thursday. This correction, even with the Coronavirus should not exceed 6%,
360 Views · 4 Replies ( Last reply by skott )
I looks like a low in 3 qtrs figure early bottom in Oct or late cycle in the spring '21,
the high in 2.5 to 3 years.
I did a real good sell of stk funds in 401k jeeping the gold part on Tues but should have done more.