QUESTION: Dear Mr Armstrong, First of all, congratulations for all the public information that you are offering in your website. For humble learners like me is fascinating. Your ECM says that there would be a peak in October. Could it be a peak in the confidence in the Dollar as a reserve currency? I would […]

On the monthly level, the DAX has not yet given a long-term sell signal. August indeed produced the Panic Cycle the computer highlighted for August, and we still see September as a target for a turning point. If the DAX can establish a low with the ECM, then it will be in a position to […]

CalPERS, California Pension Plan for government workers, is adopting policies that demonstrate that they are incapable of managing money. They cannot handle the “volatility” in stocks so they are moving into bonds, and whatever shortfall they produce should be made up with higher taxes. If you are in California, my condolences. This is a strategy […]

So far, the markets are generally positioning themselves for a turn at the end of September. The Dow has traded sideways since Thursday, trying to cling to the rebound. We need a closing today ABOVE 17007 to firm up the market, and a closing below 16632 will warn that the Dow is weak going into […]

What our computer has been forecasting for 2016 is unfolding right before our eyes. It is a product of the trend within the economy. Many Republicans I know are saying that the last thing they want is another Bush. The establishment just does not get it. They have been assuming that Trump is just another Ross Perot who will […]

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 […]

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 […]

  The leading story for the sell-off has been Wall Street’s shock by the mounting worries over instability in China and emerging markets. The tumultuous decline has sent investors clamoring to race into safe-haven assets amid the confusion. Why anyone missed this is really befuddling since China’s share market peaked in 2007 and the rally […]

“Wild” is an understatement to describe today’s equity market moves. Some say the Chinese are at fault for their unexpected move in currency, but whatever the reason for the increased volatility, you can be sure they will increase margin requirements, which will add to the volatility and further the decline in liquidity. All Asian equity […]

This three-month rout in equities is scaring the hell out of everyone. It has changed the view that the Fed will not raise rates, which has sent the dollar lower in what appears to be the bubble in government, particularly in Europe. The bells are ringing this Monday across world markets with a 9% nosedive […]