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IS DOW FINALLY DONE? Transports may be


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#11 dharma

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Posted 08 August 2017 - 11:08 AM

hmmm this turned into an armstrong thread , where he is the standard. 

ok

in 1929 the public was cash rich.  there was an 8 year expansion culminating in the top of 1929

today the public is broke , folks barely have enough savings for 3 months of living

the public is not a big participant as it was in 1929 , also in 29 you could buy stocks on 90% margin,

not so today.  

this biz cycle is ending and when it does in 18-20 the top will be in place. i have no idea for the parameters

i do think we are seeing the top of 3 here.  which should happen in this aug/oct time period

dharma



#12 Russ

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Posted 08 August 2017 - 12:23 PM

hmmm this turned into an armstrong thread , where he is the standard. 

ok

in 1929 the public was cash rich.  there was an 8 year expansion culminating in the top of 1929

today the public is broke , folks barely have enough savings for 3 months of living

the public is not a big participant as it was in 1929 , also in 29 you could buy stocks on 90% margin,

not so today.  

this biz cycle is ending and when it does in 18-20 the top will be in place. i have no idea for the parameters

i do think we are seeing the top of 3 here.  which should happen in this aug/oct time period

dharma

there was also a debt crisis in the late 20's and early 30's which saw most of the world's governments default on their bonds, now we are faced with a similar problem but this time a 'new deal' will not be possible because they already went into massive debt starting with fdr. armstrong says capital is moving into blue chips as the market becomes fearful of a bond default.


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#13 jabat

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Posted 10 August 2017 - 10:46 AM

 

transports-potential-repeating-pattern-1

 



#14 jabat

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Posted 11 August 2017 - 09:08 AM

 

SPXFibTargets.jpg

 



#15 jabat

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Posted 11 August 2017 - 07:00 PM

30 month cycle -often coincides with major turning points-

https://nftrh.com/20...tocks-and-gold/

 

c301.png?w=840


Edited by jabat, 11 August 2017 - 07:01 PM.


#16 dougie

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Posted 12 August 2017 - 08:06 PM

Senor BS; any targets on the downside here?



#17 dougie

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Posted 15 August 2017 - 12:58 AM

this snap back seems a gift IMO



#18 senorBS

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Posted 17 August 2017 - 01:22 PM

so far Tranny bearish signal working, Dow down over 200 today and just took out the Aug 8 low - now key Q is whether this is a 3 or C down? we see

 

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#19 senorBS

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Posted 17 August 2017 - 02:29 PM

looks to me like S&P 2400 area is first really important support, after that it's 2325 area, do we go there? who knows - those are just support levels to watch IF we keep going lower

 

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#20 dougie

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Posted 18 August 2017 - 01:19 AM

looks to me like S&P 2400 area is first really important support, after that it's 2325 area, do we go there? who knows - those are just support levels to watch IF we keep going lower
 
Senor

Thanks