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 Tuesday thru Wednesday October 29th - 30th and Friday November the 1st with the highest risk on Wednesday.
A crash risk window based on a different cycle system also opens on Tuesday October 29th and closes on Monday November 4th with the highest risk on Tuesday October 29th. As I've noted before, the odds of one of these rare crash risk windows working out is very low, something on the order of 1 in 40 years, but the set up is in place with the market oversold. All, facetiously I note, that is needed is a black swan to pop out of the blue. Not likely I realize, hence the low odds, but the risk is a lot higher than on any other normal given day due to the risk window and the set up.
Last week my system said pretty much the whole cotton picking week was in a risk window and the market promptly complied. The top on Friday the 18th was also a risk window, so sometimes too much is just enough. Since this coming Monday the 28th is not in a risk window, I expect the Friday the 25th low to hold, but not for too long if the crash window has anything to say about it.
As a sucker for symmetry, the triangle below was just too nice not to post, especially since I'm expecting a turn at the focus.
I know you want believe it, but my lousy "B" wave count shown below is still alive, deformed and wretched, but still breathing, just. If I'm right, and that's a very big if, the "B" topped on Friday October 18th. I attribute its warped shape to all the funny money that's been pumped out to try to win an election. Now that the election is at hand, well, why keep pumping? I guess it's time for reality to set in, and the reality that I see ain't pretty.
Regards,
Douglas
