QUESTION: Dear Mr. Armstrong, I have a question for your Blog . Do we need a falling dollar, like today, to see Gold rise? Thank you SH Germany ANSWER: No. When the majority begin to see that the government is really in trouble, gold will rise with stocks as they did going into 1980 as well as […]

The Dow needs a closing above 16350 to temporarily stabilize. Otherwise, we are not out of the woods here until we pass March. To suggest that the major low has been made, the Dow would need to climb over the 17750 level on a weekly closing basis. Keep in mind we are in a string of […]

QUESTION: Marty, now the OECD is predicting a financial crash worse than the 2007-2009 event in Europe because they say there is over €1 trillion in bad loans that cannot be collected. They seem to be also changing their opinion to fit your model. Were they there in Berlin? ANSWER: We cannot comment on if the OECD is following […]

The Dow has fallen back to retest last year’s low. The number we gave is weekly, not daily. So that comes into play for Friday’s close.

The key level to watch today is 15940 for the close. This is our Weekly Bearish and if it holds for the closing, then we may see a bounce next week. We have Directional Changes every week now into the week of Feb. 8 and the week thereafter appears to be the main target.

Back on November 13, 2015, we reported: “The Dow is pulling back on schedule. We do not see a breakout to the upside. This should tread water for a bit, waiting for everything to align. A closing today below 17785 will signal that this is not ready to breakout and a retest of support is […]

The high for November was 17977.8, not 17210.43. I quoted the low instead of the high. See, we humans do make mistakes. Socrates was correct. That is why people ask, “What does the computer say?”

QUESTION: Marty; At the conference you stated that 2016 should be the major turning point in deflation. Do you still see this concluding for the first quarter? Thanks HG ANSWER: The monthly array in the Dow published back in July appears to be working on target. November was the reaction high where the Dow reached 17977.8 […]

The U.S. share market has fallen following the problems in China. We elected the Daily Bearish Reversal at the 16933 level and this warned of a test of the next important support zone. A daily closing below 15980 will warn that we may in fact penetrate last year’s low and pull off a slingshot move. […]

QUESTION: Marty, at the WEC you said the Dow would go down in the first quarter. How far do you see this going this time? ANSWER: We elected a monthly Bearish Reversal at year-end and closed lower than 2014. The main support starts down at the 15850 level followed by 15370. We can see even […]