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bottoming process continues


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#251 K Wave

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Posted 09 January 2019 - 12:23 PM

Short term moment of truth likely dead ahead on GDX.

 

If it can hold above 21 on this pullback, and then go take out today's high, bull may be outta the chute...

 

back below 21 again, and bulls may be denied yet again....



#252 K Wave

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Posted 10 January 2019 - 10:23 AM

GDX appears to be flagging out....

 

A move over 21.35 now could get bull juices starting to flow...

 

Huge pivot zone here....



#253 K Wave

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Posted 10 January 2019 - 01:14 PM

Bulls still don't seem to have the horsepower to break it out of the bear trend yet....and time runs short for this attempt.....let's see what happens here a back test of 21....



#254 Russ

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Posted 10 January 2019 - 04:54 PM

Bulls still don't seem to have the horsepower to break it out of the bear trend yet....and time runs short for this attempt.....let's see what happens here a back test of 21....

Looks like some consolidation before the bull resumes but gdx broke above it's down trend line from 2016 (green line), I am in agreement with Eric Hadik that we should see the 'C' wave unfold after the big 'A' move in early 2016.  A low should happen late next week as my chart shows, although the signal is short and longer signals have the most strength. James Dines is looking for minimum $5000 Gold as this bull market unfolds.


Edited by Russ, 10 January 2019 - 05:02 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/

#255 Russ

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Posted 11 January 2019 - 01:02 AM

Promo for Armstrong event... There’s a Panic Cycle Coming in the Last Week in January
x
 
 
And there’s only ONE person who can tell you What It Means and What to Do

Martin Armstrong’s computer model predicted the high in the NASDAQ in August, the peak in the S&P 500 in September and forecast the high in the Dow Jones in the first week of October.
 
The model then warned of a panic cycle in late November, which coincided with a critical turning point. The market proceeded to drop 3,000 points plus. The model called for the low on December 26th (a remarkable call) and the subsequent market rally.
 
None of this is a surprise to people familiar with the Armstrong Computer Model. Many remember the model also predicted the Trump Presidential win and the Brexit vote. It correctly predicted the high in Bitcoin in December 2017. In January 2013 at our World Outlook Financial Conference, Martin told us the Russians would invade Ukraine the next month after the Olympics were over.
 
I’ve been following Marty’s model since 1983 and in that time it has accurately predicted so many major events - from the date of the fall of the Berlin Wall to the top of the Nikkei Index in 1989.
 
The Trade Of A Lifetime
 
Given that track record, how can’t we be interested in what Marty calls the coming “Trade of a Lifetime”?
 
Regular attendees of the World Outlook Financial Conference heard Marty’s forecast in 2013 that the Dow Jones was on its way to 18,000. His model forecast that it would break that barrier and move up to 23,700.  The Armstrong model told us the Trump victory would propel the market to the next leg up to over 25,000. From there it predicted the tops I mentioned in August, September and early October.
 
 Now What
 
Are the recent declines the model anticipated the beginning of a new bear market or just a correction in the ongoing major uptrend? The Armstrong Model is now predicting a panic cycle in the last week of January – what does it mean? As Marty says, Panic Cycles are notorious for trapping people on the wrong side of the market, so obviously it’s essential to be on the right side in order to protect yourself and profit from what’s coming.
 
Marty will answer these questions when he joins me on Friday evening, Feb. 1st and Saturday afternoon, Feb 2nd  at the World Outlook Financial Conference in Vancouver at the Westin Bayshore Conference Centre.  I’ll get the specific numbers he’s watching that would trigger a dramatic change in trend – and necessitate taking direct action.
 
I’ll also ask him about what he calls the “Trade of a Lifetime” and how we can position ourselves to take advantage of, what he says, will be a lifetime opportunity to make money.
 
Marty’s Summation
 
Marty warned 2018 would be the beginning of the Monetary Crisis that would impact every market. Certainly if you had taken his advice in 2012 and converted your Canadian dollars for US greenbacks you’d be way ahead but we are no where near the end of that trend.
 
Volatility is the norm – massive movements like we’ve witnessed this past year in stocks, currencies, bonds, real estate are just the beginning. There’s much more to come – which is why I am so pleased to present someone I consider the foremost economic and financial forecaster in the world.
 
One More Question:  Why Does He Do It?
 
Armstrong Economics is in demand throughout the world. They advise on literally trillions of dollars worth of investments. The Wall Street Journal called him the highest paid financial advisor in the world.  So why does he find the time for us no matter where he is around the globe?
 
Simply put, there are two reasons. First off, we’ve been good friends for over 35 years and he has always been generous with his time and support. And secondly, he has a major commitment to helping individuals, (especially our children who are inheriting this financial mess), navigate through these increasingly volatile and chaotic times.
 
I hope you to take advantage of the opportunity to attend this event. I'll see you there.
 
Sincerely,
 
Mike
 
PS Getting the chance to hear Marty is one of the best reasons to bring a younger person to the conference. It will be an amazing eye opener that he or she won’t get at university or in the mainstream media. That’s why we have a special offer - if you buy a ticket – you can bring a student absolutely free.   The only thing is that we ask you to let us know that you want a student ticket when you purchase your ticket. We have only 23 of these tickets left so please don’t wait.
 
PPS 
Date: The World Outlook – Friday, February 1st and Saturday, February 2nd
Place: The Westin Bayshore, Vancouver, B.C.
Tickets: - Go to www.moneytalks.net

Can't Attend in Person? As always we will offer the entire Conference in HD Video. The online streaming archive offers unlimited viewing, on your schedule, uploaded within 48 hours of the events' conclusion.

 

Note: I happen to know that Armstrong does not think we are going into a bear market and still thinks the Dow is going to 40 eventually, therefore the late Jan. panic cycle should be a buying opportunity for the Dow, Sp500 etc.. As for the 'trade of a lifetime', shorting bonds maybe? - Russ


Edited by Russ, 11 January 2019 - 01:10 AM.

"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/

#256 K Wave

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Posted 11 January 2019 - 10:25 AM

looks like bulls slowly trying to turn GDX 21 from resistance into support...low this AM could be important...still holding longs, as long as it holds...



#257 dharma

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Posted 11 January 2019 - 12:21 PM

i too have been and continue to look for a low next week, or the bottom.  russ i believe hadik will be wrong in his labeling . it seems to me the bull has returned. hadik is not looking for the 1045 to be broken. so his labeling is confusing to me. anyway , just as the bearish outside day resulted in a bullish resolution i think the same thing happens w/gold . michelangelo is sculpting.  currie in a hurry of gs just gave his forecast for gold 1325, 1375, 1425 for 19 . of course w/gs  you never can be sure which side of their mouth they are talking. do they get their clients long, then pull the rug out from underneath them???? the dollar is losing its lustre. down to 62% of all worldwide transactions.   the fed is trapped,  they are bed down in hotel california.  powell  has backed off from his stance.   the language is the tell

i am on the buy. 

dharma

 

russ - martys pitch is quite something.  


Edited by dharma, 11 January 2019 - 12:21 PM.


#258 Russ

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Posted 11 January 2019 - 02:00 PM

Dharma, yes Hadik could be wrong on the labeling, but his level may be correct, he said it should take out the 1400 area. The promo was not written by Marty, it was written by his long time friend Michael Campbell who puts on the annual world outlook conference in Vancouver with multiple speakers with Marty being one them. It would be valuable to find out Marty's trade of a lifetime which as I wrote may be shorting the bond markets.


"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/

#259 dharma

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Posted 11 January 2019 - 03:39 PM

Dharma, yes Hadik could be wrong on the labeling, but his level may be correct, he said it should take out the 1400 area. The promo was not written by Marty, it was written by his long time friend Michael Campbell who puts on the annual world outlook conference in Vancouver with multiple speakers with Marty being one them. It would be valuable to find out Marty's trade of a lifetime which as I wrote may be shorting the bond markets.

or the dollar!

just  a guess, but it is based on its loss of stature and the govt shutdown

dharma



#260 Russ

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Posted 11 January 2019 - 04:27 PM

 

Dharma, yes Hadik could be wrong on the labeling, but his level may be correct, he said it should take out the 1400 area. The promo was not written by Marty, it was written by his long time friend Michael Campbell who puts on the annual world outlook conference in Vancouver with multiple speakers with Marty being one them. It would be valuable to find out Marty's trade of a lifetime which as I wrote may be shorting the bond markets.

or the dollar!

just  a guess, but it is based on its loss of stature and the govt shutdown

dharma

 

As far as I know Marty still thinks the dollar is going to go up a lot more as as interest rates rise and the rest of the world starts to crack causing capital to keep flowing into the USA, I have trends on the dollar for it to go down into 2020 (next major pi cycle turn) so after that the dollar should start up again.  


"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/