4 replies to this topic

[SemiBizz]

Posted on 11/29/18

 

Making good progress...

[tsharp]

Here's an alternate scenario that will frustrate both the bulls and bears... Martin Armstrong is looking for the bull market in US equities to extend into 2032... we'll see... but if that's the case, then that second higher target of SPX 5100 is much more likely... watching.

 

Edited by tsharp, 01 January 2019 - 05:52 PM.

[cycletimer]

I’ve been a fan of Armstrong for years however, didn’t he miss this year’s correction? (I don’t subscribe to his service “Socrates” so I’m unaware but assume he missed it...?)

[tsharp]

This is what this alternate scenario might look like in light of my 4.9.16 forecast... the new scenario moves upward in three waves to the ~3040 range in wave-(x):iv into July, then one more downward thrust in wave-(y):iv to complete the corrective fractal that began in January of last year -  this scenario also makes for another bad ending for 2019.

 

Otherwise, under the original scenario, the corrective action continues for another 30-60 days, then upward to the ~3600 range to complete the bull market... twt.

 

[SemiBizz]

To me, this is very apropos to the situation... it's time to regurgitate entire 2016 election rally... near those values I quoted.