In the Dow, we can see that Energy bottomed out so we have a counter-trend at work right now. We do have a pair of Daily Bearish Reversals at 14769. We continue to see the prospects that today will perhaps remain as the lowest closing. Nonetheless, a new intraday low is possible given that we […]

QUESTION: Mr. Armstrong; In Munich, you said the US share market had peaked in euros and the low looked to be in August. Is that view still on track? WG ANSWER: Yes. When you plot the Dow in euros, the high was March, not May, as it was in dollars. This suggested that August would […]

  The 16258.10 is a BULLISH REVERSAL, not  BEARISH. The underlying Daily Bearish are 15340.00 and 15300.30, followed by 15095.00. Technical closing support lies at 16041.78. A closing back above this technical support will help stabilize the market. The broader support lies at 14769 to 14587. A closing below 15961.79 today would warn that we could […]

That is a Monthly Bearish at 16680, not a Daily. Penetrating that intraday merely meant we were blowing through to the main Monthly Bearish Reversal lying at the 15550. So a daily closing below that number today has no impact. On our model, this is like the 1987 Crash moving to the same points within […]

We show important closing support at 16258.10 on our What-If Model. A closing above that level will help to firm today as at least a temp low. A closing ABOVE Friday’s close of 16459.75 will be an additional positive reflection that today’s low should hold at least initially. So far, the Dow has penetrated the […]

A false move is measured from the high, not current time. Therefore, a FALSE MOVE would be two to three months from the May high in the Dow, which means an August low. That can be on a closing basis with an intraday in September and a rally for the close, or it is just an August […]

The first possible time target coming out of the 2009 low was 2015.75 for the Dow to reach a Phase Transition and then a crash and burn. We stated in 2011 that the market was off to new highs, and Barrons even covered that forecast more as a curiosity. We have constantly warned that the Phase Transition was not confirmed yet. Indeed, the Phase […]

  The Dow has been dropping sharply ever since it elected the first two Weekly Bearish Reversals at 17732 and 17510. The next key Weekly Bearish Reversals to pay attention to today are 16910 and 16680. A closing below both would signal a sharp decline into next week; holding may warn of a temp low […]

China – Hillary & More   Part II

The support on our weekly models lies at 17253 and 17068. Weekly closings beneath these numbers will confirm that a correction is in progress. Keep in mind that a decline in the share market should send capital into a final spin with the rush to a flight to quality creating the last peak in government. […]