Interesting that both the Nikkei and Shanghai closed almost unchanged following a similar trading pattern today but the Hang Seng really could not even attempt break-even, closing down 0.6% on the day. The JPY closed above the bullish reversal but we have a large gap to wait for the weekly. In late US trading the […]
We will be providing access to the completed version of Socrates to those who have been on the beta site. This will be for 30 days. The Arrays, Reversals, and other aspects have been updated to current versions. Unfortunately, the preview site was temporary so the updates to the system were not possible since that […]
The first Minor Weekly Bearish Reversal in the Dow lies at 17434. A closing beneath this for the week will confirm what already appears to be in motion after electing three Daily Bearish Reversals. The next critical area is 17120, which happens to be a Daily and Weekly Bearish Reversal. This is the primary support. […]
QUESTION: Marty, years ago you did a chart showing the projection for unemployment. I believe I understand what you were projection for the company I work for has been replacing people with technology on a large scale. So we can have rising corporate profits with rising unemployment as technology changes everything. Is there a point […]
QUESTION: Mr. Armstrong, there appears to be a dispute between what is money and what is a currency. Can you define each easily? Thank you LW ANSWER: “Currency” is an official monetary instrument used in commerce. Currency must be “legal tender,” which means the government will accept it in payment for taxes. “Money” is a much […]
Japan’s GDP showing today finally provided signs of life when the expected number of 0.1% was put to shame with a 0.4% print. However, it was only enough to rescue the Nikkei from the selling but did help to provide the days highs. By close of business the index had drifted back only to close […]
Of course, the markets have been causing losses among the bulls as well as the bears. This is what they do and MUST do before they can actually make a decisive move of the nature we are looking at ahead. It becomes rather amusing to watch the so-called professionals, who are constantly wrong, brood and […]
The European Film Festival selected another film of Marcus Vetter entitled the “Promise.” Marcus’ work — “The Forecaster” & “The Promise” are two films exposing to the world the cold fact that the justice system in the United States is anything but honest or fair. This is all about prosecutors moving up the ladder to […]
The Executive Branch was handed dictatorial powers last month in a Washington DC Court of Appeals decision, United States v. Fokker Services B.V., where a Dutch aerospace firm was accused of making more than 1,000 illegal shipments of parts and components to Iran and other sanctioned countries from 2005 to 2010. It held that Federal judges have no authority to […]
Things all looked good in Asia with the Nikkei closing up a little over 1%, Hang Seng following its lead gaining 1.2% and so it was only Shanghai that returned a small negative on the day. All was good following the strong US session and so we were lead mostly by energy and miners (BHP on the […]
