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[Douglas]

According to my risk summation system, the days over the next week or so with higher than normal risk of experiencing a turn in or acceleration of the current trend in the DJIA are Monday March 11th thru Tuesday March 12th and Friday March 15th thru Monday March 18th.

 

Last week the Monday March 4th risk window caught the end of the failed recovery rally and the start of a plunge down.  

 

 

 

The turn down from Friday March 1st so far appears to be in three parts as shown above.  The current upward movement can keep the "4" label if it doesn't overlap the "1" wave down.  If it does, yet another short term EWave count will be trashed.  I suspect that the fate of this count rests in the hands of the magic number folks over at the BLS and their Tuesday inflation readings, assuming nothing untoward happens on  Monday.

 

Regards,

Douglas

 

 

 

 

[Douglas]

Investor sentiment readings are getting high enough to signal the possibility of at least a short respite if not a turn in this elevator DJIA ride higher in the not too distant future as seen in the AAII figure below.  

 

 

Regards, 

Douglas