2 replies to this topic

[Douglas]

According to my risk summation system, the days over the next week or so with the highest risk of seeing a turn in or acceleration of the current trend in the DJIA are Thursday December 5th and Monday December 9th.

 

Last week the summation system said the whole week would see turns and/or acceleration events with Monday having the highest signal.  The turns weren't that huge and the accelerations weren't large, but the DJIA did swing 3 or 4 hundred points every day the entire week, so I guess the system was right, just not all that helpful.  

 

 

While the DJIA risk summation system was having a so-so week, the currency risk window system was busy knocking one out of the park.  The Friday the 22nd dollar turn risk window which I noted in last week's post (which I sold) turned as shown in the finviz.com plot below.  The next risk window for the greenback (turn up or accelerate down) is this coming Monday December the 2nd.  If the currency risk system is still on the ball, the buck should stop its recent decline here (or accelerate down).

 

 

The NY composite stocks only AD line divergence with the composite index that I noted last week "healed" this past week then proceeded to diverge again Friday, so I guess it's once more into the breach for this indicator  signal. 

 

 

The rising wedge pattern break down in NVDA is still working, but it looks like a test of the broken wedge or maybe my higher purple stop trend line may be in the offing.  

 

 

Regards,

Douglas

 

[Douglas]

EWave wise, for the pessimists among you I submit the first plot below looking for a top in the coming months in the 6300 range.  The 4 is the problem with this count. 

 

 

For the optimists the plot below which could go a lot higher in the coming years.  

 

 

As always, if you pick the right poison, you get to make a killing.

 

Regards,

Douglas

[Douglas]

An alternate bearish DJIA count that I've been tinkering with for a few days is shown below.  I believe that the key is the dark purple final triangle.  If it breaks down, Pandora's box is opened, breaks up and the count is probably rubbish.  Given how tight the triangle has become, it shouldn't take long to find out one way or the other.  In this count the lower degree box 5 wave takes the same form as the higher degree green C wave.  Pretty slick if it works out.

 

 

Regards,

Douglas