QUESTION: Mr. Armstrong,
I am fascinated by what you have accomplished in this model. You mentioned in your post about the Orlando conference a slingshot and phase transition, and I am trying to comprehend what that would look like exactly. Is that to say the DJIA won’t complete its advance from 2015.75 to 2018,but that the cycle inversion underlying this market and the ECM will extend the high into 2020? When will the special report on these issues be released?
Thank you for the invaluable education,
NE
ANSWER: Yes. We can see from the Global Market Watch that the current year, if it closed right here, would imply a temporary high. That can change since it is based upon a dynamic view assuming each day that passes were the last trading day of the year. Nevertheless, it warns that we must stay on point.
There are two separate objectives – TIME and PRICE. With regards to PRICE, our three targets given back in 2011 were 18500, 23000, and 40,000. The minimum TIME objective was 2016/2017. Our next target in TIME becomes 2020 followed by 2022. This appears to be setting up for a major vertical move. This is why we will be reviewing how to trade a vertical market.
The markets are far more precise than anyone could have ever imagined. It is unfortunate that the analytical field is plagued by people pretending to be prophets or gurus like the old snake-oil medicine salesmen of the 19th century. Nobody can forecast anything from a personal opinion perspective on a consistent basis. Sure, everyone can make a single forecasting call based upon a gut feeling, but they cannot accomplish that on any consistent basis. This is all about a journey into a world of hidden order – the chaos theory. It is not being a prophet, guru or physic. Such titles reduce the analyst to a snake-oil salesman.
