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Risk Windows for the Week September the 23rd


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#1 Douglas

Douglas

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Posted 21 September 2024 - 05:30 AM

My risk summation system projects that the windows with the highest risk of seeing a turn in or acceleration of the current trend in the DJIA are about noon on Monday the 23rd though about noon Wednesday the 25th and Friday the 27th.   Pretty useless I realize since the two windows cover almost the whole danged week, but sometimes the turns are scattered all over the place.  The signal is strongest on Tuesday the 24th and Friday the 27th, but there's a lot of noise around the 24th signal.

 

Last week the Wednesday -  Thursday morning risk window caught what might be the low of a wave "4" in the 15 minute chart.  As always the jury is still out on the Friday the 20th risk window which might be a top depending, of course, on Monday's action, and my luck relative to the "B" wave count noted below.

M2u4yNM.png

 

A break down out of the rising wedge above is pretty much the last hope for my "B" wave count.  If the DJIA breaks out to the upside, my count is toast.  To my credit, I've kept that stinking Frankenstein patchwork creature of a count alive much longer than expected with quite a bit of magical counting and rule breaking manipulation.  At least maybe it will be a mort subite.

 

Regards,

Douglas