Quote from: DanB1 on July 07, 2019, 08:07:25 PM

Quote from: Gumbi on July 05, 2019, 09:59:51 PM

We failed to elect a key weekly bullish reversal but the main reason for the entry is because Armstrong has stuck his neck out here and said we needed to close this week above 26951.82 to imply a further advance. Also the 1st of July has been a turning point with the next showing up as the 8th and normally one turning point is followed by the opposite event on the next, on the energy model we are seeing the market making new intraday highs while the energy models are declining which indicates this rally is not sustainable. On the weekly energy model we are seeing the energy peak before the price high which indicates we may be forming a temporary high. The energy model is very important to understand and helps you to identify when the market is over-bought or over-sold.

Th exit point is the most immediate daily bearish reversal which lies at 26536.32 but we have crash mode technical support at 26617 which may also offer support.

Thanks Gumbi.

The part I don't get is this: "the main reason for the entry is because Armstrong has stuck his neck out here and said we needed to close this week above 26951.82 to imply a further advance."
What do you mean Armstrong came out and said that? It should be the Socrates system giving clear signals right?

Correct me if I'm wrong:
26951.82 is a daily bullish and as we not elected that daily and because the 8th is a turning point, in combination with declining daily energy, means we might go down. The planned exit is at 26536.32.

To be honest, for me, a 1,5% gain on a trade is a very small profit (I'm not a daytrader). After Friday's job report and the fact that we are so close to the ATH it does make sense that we move down a few hundred points, so for me this trade is not very convincing. But let's see what happens. I agree with Anonymous that we would need the report.

26951.82 is a weekly bullish(major)

this was a hard call to make since we are playing the reversals in reverse and we also elected 2 weekly bullish reversals last week but the 1st of July was a turning point and missed its key major weekly reversal.. you would only exit at 26536 if it was tested but not elected. so the play goes as long as the reversals and array dictates. We also have a panic cycle this month so we could test the lows made in June, we are still due one move fake to the downside before we truly breakout so this last test of support could be a possible long term entry.

If you want true long term calls then follow the Economic Confidence Model, when the ECM turns on the 18 January 2020 a new trend will emerge in the case of the Dow this will be a possible phase transition.. highs and lows usually occur at the top and bottom of each wave and the markets that line up with the ECM are often the greatest receivers of capital so we have a potential long term commodity bull run from 2020 going into 2024 where we should see commodities peak in 2024. we have a agriculture bull run from 2020 going into 2024. its easy to see how markets align with the Economic confidence model it cannot be denied all you have to do is look.

Take gold in relation to the ECM for example in 2011.45(turning point) the bottom of ECM 8.6 year cycle we had a high in gold the ECM then turned and a new trend emerged and gold declined into 2015 with 2015.75 being the peak in the ECM. So as we move into the bottom of this 8.6 year wave in 2020.5 its important gold makes a low not a high so if gold retests its low going into the next turning point this will be very bullish moving forward.

People here argue Armstrong missed the low on the Dow in 2009 yet 2009.3 was a minor turning point on the ECM

Anybody who argues against Armstrong is essentially saying that cycles do not exist, that all price movement is random and history does not repeat itself.