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Risk Window for the Week of 29 June


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#1 Douglas

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Posted 29 June 2020 - 03:10 AM

According to my risk summation system the day this week with the highest risk of a turn in or acceleration of the current down trend is today, Monday the 29th continuing into the open on Tuesday the 30th.  Given all the web chatter about a positive surprise in the jobless number this coming Thursday July the 2nd and its respectable number of risk cycle turns in my system, it also should be included in the list of turn risk days this week but probably sucking hind tit to the risk window earlier in the week.

 

Last week's risk summation was a mess and the trading week was also a mess with a big rally in the risk window Monday, a top in the risk window Tuesday, and sharp sell offs in the Wednesday and Friday risk windows. 

 

It's crazy out there.  Wear your mask, your glasses, a hard hat, gloves, jockstrap and any other PPE you can find in the closet, or better yet just stay in the closet.

 

Regards,

Douglas


Edited by Douglas, 29 June 2020 - 03:12 AM.


#2 pdx5

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Posted 29 June 2020 - 03:04 PM

Off to the races at close today!


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#3 Douglas

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Posted 29 June 2020 - 06:04 PM

pdx5, Monday did live up to its risk-of-a-turn label in grand style.  The question is of course can it be maintained or is it just another one day wonder.  There is literally a minefield of cycles turning in the next couple of weeks.  If today was the real deal, then they will simply mark higher lows on the way up to nirvana, but one wrong step in this field of Bouncing Betties and it's lights out.  

 

Regards,

Douglas



#4 pdx5

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Posted 29 June 2020 - 09:26 PM

You are absolutely correct about the Mine field analogy. I am in awe of the courage of short term traders in this type of market. 

Only money I have in this market is something I will not need for 2+ years. But I am never afraid to cut and run if I see really dark clouds gathering. We should know a lot by end of this calendar year.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule