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Market Talk — August 28, 2015 at Mid-Session

A mixed bag for equity markets across the globe today with two out of three core Asian indices closing higher. The Nikkei and Shanghai produced impressive 3%+ gains this Friday whilst the Hang Seng Index lost 1.05%. In Europe, the DAX failed to trade in the black all day, but we did see small improvements heading into the […]

Socrates on the Dow Broad Term Outlook

Seating for the Berlin Conference Will Be Closing Soon

We have been informed by the hotel that they cannot provide any more space. Those interested in Berlin should book it now. Seating will be closed shortly.

Market Talk — August 28, 2015

Everyone is feeling good about themselves as the rebound in stocks continues. It is fair to say that all markets closed between 2–3% higher on the day. After solid gains in Asia, Europe opened on a firmer note and the U.S. followed. We did have a wobble mid-afternoon trade, but the final 90 minutes recouped the intraday drought and […]

Sorry, We Cannot Hold a Third WEC

QUESTION: Mr. Armstrong; Is there any way to expand the Princeton WEC? It is obvious that you are the real deal. I can see why they said you manipulate the world for nobody can believe what you and your computer have achieved. You said the May high should hold and a correction into August should […]

Answering Questions on Gold

QUESTION: Marty, it appears you are correct once again in gold that this rally would not reverse the trend. The gold promoters have been all over the place claiming gold has bottomed and the stock market and the world will go to zero because of fiat. Is there a number we should be watching below […]

Dow for the Close

The Rule of Reactions is always one to three. For a trend to develop, it must exceed the three unit of time limitation. So we need the market to move higher beyond today. At the time of this posting, the Dow is trading at 16628. We need a closing above 16460 to help stabilize the […]

False Move on the Yearly Level

QUESTION: Marty; This is what you explained at the last WEC. The risk of a false move on the yearly level. Correct? ANSWER: Yes, it is always fractal. A Yearly False Move is rare, and it becomes the biggest possible slingshot to the upside. The Dow made a Yearly FALSE MOVE on a number of occasions. For […]

Why This Week’s Low is So Important

The Dow fell as far as it could possibly go without reversing the trend on a long-term basis, even technically. The low this week has been 15370.33. This has flirted with our Third Monthly Bearish Reversal at 15550, but we also have a simple technical point of great importance — 15284 — which happens to […]

The Coming Phase Transition & the Dow

QUESTION: Mr. Armstrong, Thanks for all you do.  I do have one question in regards to the Phase Transition above 23000 into the 35000-40000 number you have spoke of.  If we experience a close below 15500 for the month of August and see a continued correction into October to  around the 12000-13000 number would the […]