According to my risk summation system, the day next week with the highest risk of a turn in or acceleration of the current trend in the DJIA is Wednesday December 8th.
Last week the Monday the 29th risk window tagged the high for the week. I'm not sure what to make of the Friday risk window, since the low was on Wednesday, a higher low signifying a trend change? If Monday the 6th is up from the start with a higher high, maybe so, if not then it was just a dud signal.
Is it just me, or did the re-nominated FED Head phoenix from a dove to a hawk this past week? I guess now that the guy doesn't have to worry about losing his job, he can toughen up his talk a tad. The big test will be in about two weeks after the is-Omicron-worse-or-not verdict, will he walk the talk? If so, the nice rounded top pattern in the two year shown below should kick in and it should just tank. All I want for Christmas is to know if Jerome's yule dinner will be fricasseed treasury notes or smoked crow?
Regards,
Douglas