Jump to content



Photo

Armstrong Dow Jones Industrials long way from over-bought (INDEX)


  • Please log in to reply
4 replies to this topic

#1 Russ

Russ

    Member

  • Traders-Talk User
  • 4,978 posts

Posted 07 August 2017 - 05:33 PM

"We are by no means overbought and we are a VERY VERY VERY VERY long way away still – no matter how nuts that seems to many. We are well below the 1929 highs still.'

 

US-Share-Market-Overvaluation-Index-July


"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/

#2 dougie

dougie

    Member

  • Traders-Talk User
  • 5,691 posts

Posted 08 August 2017 - 01:52 AM

By some measures we are the most overvalued in history

#3 dougie

dougie

    Member

  • Traders-Talk User
  • 5,691 posts

Posted 08 August 2017 - 01:55 AM

https://twitter.com/...571799823953923

#4 senorBS

senorBS

    Member

  • TT Member+
  • 7,722 posts

Posted 08 August 2017 - 06:37 PM

https://twitter.com/...571799823953923

nice chart, what's eye popping besides the extreme valuation per price/revenue is the clean 5 uo from 2009 low, looks like we are in the latter stages of a 5th, interesting



#5 Russ

Russ

    Member

  • Traders-Talk User
  • 4,978 posts

Posted 11 August 2017 - 12:36 AM

I will add to this post that I have a projection for the dow to form a significant low in mid to late Oct and for the gold to form a high then.


"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/