According to my risk summation system, Tuesday the 22nd and Friday the 25th have a higher than average risk of a turn in or acceleration of the current trend, but neither risk signal is as high as last week's or next week's peak values. I'm not quite sure what to make of this risk valley, but some sort of dull rounding bottom would seem to be the most likely result.
My comment that every day last week pretty much had a relatively high risk window value turned out to be correct. It was just a lousy week in general for the DJIA.
Soapbox: Who "woke" the FED? Suddenly last week it appears that a few among their numbers realized that gradually impoverishing every person working for a fixed salary or living on a fixed pension might not be a good idea and maybe they should start to think about talking about maybe someday easing up on their trickle up system to make every asset rich person really really rich. I suppose a Lambo in every asset rich guy's garage doesn't have quite the same ring to it as a chicken in every pot, but hey, no one wants to see perfectly good beluga caviar going bad on the shelf. If the insanity of what they have been doing for years ever sinks into the vast national conscience, I suspect that the biggest shortage driven inflation bubble that they will have to deal with will be in the price of pitchforks, tar and feathers.
Regards,
Douglas
