Wednesday the 4th of September and Friday the 6th have pretty good risk window system values and should see a turn or acceleration of the current trend in the DJIA.
Last week the risk system had a so-so signal for a risk window from about noon on Monday the 26th through Tuesday the 27th of August and another much better signal pointing at risk on Thursday August 30th through about mid-day Friday the 30th. The first window was pretty much a dud missing the top Monday morning and the bottom on Wednesday. The Thursday risk window did catch a top, but it looks like it will only last a few hours, so dud too. Oh well, some weeks you win, and some are like last week.
In the spirit of following-up on old predictions, way back on July 27th I published the IWM triangle focus turn projections shown below using the H-L-C and close only plots to see which one would do better at hitting a turn. Well, it looks like the close one was better.
On August 5th I published the DJIA H-L-C turn predicting triangle below.
Like the IWM triangle, I should have used the closing price version shown below. You live and learn.
Regards,
Douglas
