Looks like it bounced right around where we suggested (26,750 on the weekly) on that DOW short and has now decided to take off again........hopefully the short got closed. Seems pretty dangerous to be shorting against the main trend especially when the risk-return is so small even if you're right.
MA likes to talk about phase-transitions so to me the idea you could have a melt-up from here on the DOW to many seems crazy but this is where I think his stuff has some merit. On the day trades I'll take my TA for sure but on the larger picture to me there may still be some value.
The rather obvious reality is if you cut interest rates then money has no other place to go than into equities.
The rather crude results from "this stuff" have to be adjusted to fit that reality.
Because its formulas do not even know about interest rates. The formulas look only at a single dimension which is the time series of a single market.
Martin Armstrong is a charlatan, and he spent 11 years in jail for a reason.
Read this blog
starting at page 273 to find out more about computerized fraud.
See
armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog.