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Dow Long Way from being Overbought - Armstrong

Overvaluation Index Armstrong

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#1 Russ

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Posted 07 August 2017 - 06:03 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.'    This does not mean there won't be some panic bumps on the way to his 40 k 3rd target for the dow though and with the vix so low that may be coming. https://www.armstron...e-ever-created/

 

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Edited by Russ, 07 August 2017 - 06:05 PM.

"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 da_cheif

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Posted 07 August 2017 - 06:40 PM

40 k??    way to conservative



#3 Russ

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Posted 08 August 2017 - 08:17 AM

40 k??    way to conservative

when his chart gets up to the 1929 levels that should be about it.


"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/

#4 blustar

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Posted 08 August 2017 - 09:39 AM

I'm thinking Armstrong is right by 2020 somewhere above 40,000, meanwhile, an air pocket is forming



#5 da_cheif

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Posted 08 August 2017 - 10:00 AM

the air pocket above the market was formed long ago



#6 gameover

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Posted 08 August 2017 - 10:07 AM

That airpocket is straight UP



#7 blustar

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Posted 08 August 2017 - 12:57 PM

I'm gonna be issued a lot of apologies, or there is gonna be egg on a lot of people's faces around here.You guys are extremely arrogant! I'm sure you never read the case I posted, instead you talk in self imposed ignorance. This board never changes.



#8 alexnewbee

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Posted 08 August 2017 - 01:08 PM

I'm gonna be issued a lot of apologies, or there is gonna be egg on a lot of people's faces around here.You guys are extremely arrogant! I'm sure you never read the case I posted, instead you talk in self imposed ignorance. This board never changes.

That is also true bro.
But your calls are often off target as well :)
"we do G.d's work" Lloyd Blankfein

#9 alexnewbee

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Posted 08 August 2017 - 01:41 PM

I'm gonna be issued a lot of apologies, or there is gonna be egg on a lot of people's faces around here.You guys are extremely arrogant! I'm sure you never read the case I posted, instead you talk in self imposed ignorance. This board never changes.

That is also true bro.
But your calls are often off target as well :)

And I will be the first to apologize.
I even will pay half of the bet I asked you for, if it happens ;)
Half, cos you refused to bet.
"we do G.d's work" Lloyd Blankfein

#10 blustar

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Posted 08 August 2017 - 02:11 PM

ALEX: I put my money into 100:1 potential return puts not on a 1:1  bet. You owe me nothing regardless.  The point is these guys above sound like a broken record, no matter what's staring them in the face.  I'm not talking about being wrong.  Even fib.618 e-mailed me personally telling me not to buy the puts (which I did today) telling me that I would lose.  Years ago I became bearish and he did the same exact thing saying it was impossible  People then said that even a stopped clock is right twice a day. Rationalize all you want, the market's going down hard and soon. Today was my top call "in advance" and we have had a nice reversal off the top so far.

 

Here is the message:

 

Name : william signorile
Email Address : fib618@aol.com
Message : you are going to lose the 3700 on the short side the blowoff is tracking 1987 its up till aug 21 to sept 12