Russ, between the print itself and all his "off topic" comments, his pdf's are a bit to slog through, so I have this question that I did not leave the article clearly addressed. . .
is he changing his expectation that the equity markets' low will come in 2013. It seem like he saying that it may have already happened in March. Am I correct in regarding that?
I don't think Armstrong ever said the stock market would go down into 2013, over the past months all the articles I have read he wrote that it would likely bottom in 2010 (April) which is 31 month from the top in 2007. One of the last articles points out that the March low was 2X8.6 months - 17.2 months from the top in 2007 (March 6 overshot that cycle by 8.6 days I think he said). He has detailed that the pi cycles are fractals that run from years even down to seconds.
It is Terry Laundry's T theory work that is calling for a low in the 2013 area as well as some other cycle work and my own oscillator.
Armstrong's latest writings at www.martinarmstrong.org are suggesting that we will have a test of support or possibly new lows next spring in April (which is a Pi date according to him). For some reason he does not think the 2011 June date on the confidence model is going to be the stock market low, although that part of the cycle was in 2002 and other times. He did mention one other part of the economy that could bottom in 2011, I don't recall what i was right now, I will have to go back an look. Of one thing you can be sure, he understands his pi model better than anyone.
Edited by Russ, 30 August 2009 - 09:12 PM.