Live Trading Conference?
January 10, 2016QUESTION: Marty; I attended one of your live trading conferences in the 1980s. It wasn’t cheap back then. If I remember it was $25,000 a seat. The bank paid for my seat and I still tell how we made 5 … →
All posts in "Armstrong"
Using Reversals
January 9, 2016S&P500 Futures QUESTION: Hi ! … In assessing a Sling Shot Move vs Phase Transition, you mentioned that “The key will be decided by the Monthly Bearish Reversals.” As the market is currently selling off into one of a few … →
The Euro & 2017 — The Beginning of the End
January 9, 2016The closing for the euro at 10869 provided the long-term Yearly Bearish Reversal that we have cited throughout the year: “We have Yearly Bearish Reversals at 11645 and 10365. So the 116 level will remain as reactionary resistance this year … →
Crude Bullish or Bearish?
January 9, 2016We had THREE Yearly Bearish Reversals in crude: the first was $41, the next $35 and $32, but then there was also $25. We achieved the first one but not $35. This warns of lower lows here in 2016, but … →
Sling Shot v Phase Transition – WHEN?
January 9, 2016QUESTION: Marty, Thank you for the WEC. The more I reflect on my notes the more I begin to understand you really opened my eyes to see the world much differently. So you said we would go down first and … →
Do the Reserves of a Nation Matter Anymore?
January 9, 2016The goldbugs spun the tail that China was going to save them by making gold $50,000-$100,000 an ounce because money, in their minds, has to be tangible. However, China’s $3 trillion-plus in foreign currency reserves was the biggest stockpile in … →
Dow & the Trend For Now
January 9, 2016Back on November 13th, 2015, we reported: “The Dow is pulling back on schedule. We do not see a breakout to the upside. This should tread water for a bit, waiting for everything to align. A closing today below 17785 … →
Market Talk – January 8th, 2016
January 8, 2016As you would have expected, all eyes were on Shanghai as the stock market opened with no limit restrictions imposed. It was not to be the session from hell that some dealers had feared but was almost calm. It … →
Dow Correction November High
January 8, 2016The high for November was 17977.8, not 17210.43. I quoted the low instead of the high. See, we humans do make mistakes. Socrates was correct. That is why people ask, “What does the computer say?”
Looking for Sanity in an Insane World
January 8, 2016Why has China become so important? Largely because global investors are in this transition mode and do not understand how or why the foundation of everything is changing beneath them. The market turmoil in China spread around the world on Thursday as … →
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