According to my risk summation system, the days this coming week with the highest risk of seeing a turn in or acceleration of the current trend in the DJIA are Wednesday September 11th and Friday the 13th.
Last week the Wednesday the 4th risk window caught some sort of short term triangular consolidation before the next leg down, not really a turn or acceleration, so pretty much a dud. The jury is still out on the Friday the 6th risk window. If the DJIA heads up on Monday the 9th, then maybe a low turn. Can't say just yet.
Next Tuesday (+/- a couple of days) is the next turn in a very long, very accurate cycle that I track, we also get the latest BLS twisted version of inflation the next day which should be good given the slide in energy prices and ongoing electioneering, the next day is also a risk window and the "first" presidential debate occurs that night, so I feel pretty good about the probability of a turn of some importance somewhere in the middle of next week.
The DJIA still hasn't reached my first downside target at gap fill at about 40068, maybe early this coming week.
Friday's risk window is probably just paraskevidekatriaphobia given that it's also the 13th, but I'm not superstitious, just paranoid.
My current EWave count below expects a low very soon, then another rally to finish the never ending "B" wave that I just won't stop droning on about.
Regards,
Douglas
