Quote from: Kiwibird on November 07, 2019, 01:50:40 AM

Technically you should "NOT GO LONG THIS MARKET" since we are still due a retest of support... so you can relax you will still get your buying opportunity. We have a turning point on Q1 2020 which should produce a high and the next on Q4 2020 which should produce a low if weekly reversals are elected from the high on Q1 2020.

You need to start thinking for yourself Armstrong is not the type to hold your hand.

https://www.armstrongeconomics.com/armstrong-economics-upcoming-events/world-economic-conference/wec-2019-orlando-knockin-on-havens-door-or-the-big-fake-out/

'...Two critical patterns are possible a 2020 low and rally thereafter, or a 2020 high with respect to the share markets
...everything from Energy to Agriculture is in the staging ground for the next ECM along with precious metals...
...For these reasons, we have some markets preparing for false breakouts and a critical mass approaching in 2020 on such a global scale.
...So are we Knockin On Heavens Door or the Big Fake Out?

What a bunch of total Armstrong-baloney.

"Q1 2020 should produce a high" - It's November 2019 now; and we already making new all time highs. How damn high is Q1 2020 going to be? Sounds like a missed trading opportunity, especially from a trader like Armstrong. And how does a Q1 2020 high for God sake rhymes with a ECM-low in 2020? Armstrong told us "the market is in a bearish mode going into 2020 ECM turning point", just recently in August.

And a real low would be lower than the 2018-low. Well, the chances of going below S&P 2350 might be 5% of less, and could only happen if a hard Brexit, Fed starts QT again, full-blown trade war and North Korea nuking a few cities off the worldmap would occur at the same time. Conclusion: Armstrong, Socrates missed the real S&P low in December 2018. Same with gold by the way, it bottomed years ago and the chances of taking out those lows are practically nonexistant. Again, Armstrong and Socrates missed another important low.

Everyone with eyes can see that the stock market and gold were building a base over the past few years, and now finally it's breaking out to new all time highs, completely missed by Armstrong and his Socrates. I also don't understand why Armstrong uses so many words of grandeur to describe this phenomenon (things like "Staging ground", "Critical mass" and "Global scale" - oh wait; is he trying to juice things up to sell something?). Of course, short term we're overbought and we could have to trade at least sideways for a little while, or correct several percent.

He also covers both sides again ("It can be a low, but also a high"). How convenient.