@nstrdms
The ECM is the global economic cycle declining into 2020.05(18 Jan) I am referring to the US share market crashing into Jan 2021 if we rally into this ECM turning point in Jan 2020
The ECM is the global economic cycle declining into 2020.05(18 Jan) I am referring to the US share market crashing into Jan 2021 if we rally into this ECM turning point in Jan 2020
That is NOT what Armstrong implied in some of his private blog posts.
Read the private blog titled "US Share Market - Breakout or Something Else?"
"The mere fact that we exceeded the 2018 high in 2019 raised the possibility of a cycle inversion increasing the risk of a correction next year." He then said it could be a "temporary high with a correction thereafter."
And in another blog post, he said "World leaders will continue to blame Trump's trade war for the economic decline into 2020. However, the ECM has been pointing down for the business cycle into January 2020 all along."
And in another blog post, he said "Socrates has been warning about that the world economy is taking a nose-dive into January 2020."
The contradictory nature of Socrates parallels the Socratic Problem.
"In historical scholarship, the Socratic problem (or Socratic question)[1] concerns attempts at reconstructing a historical and philosophical image of Socrates based on the variable, and sometimes contradictory, nature of the existing sources on his life. Scholars rely upon the extant sources, such as those of contemporaries like Aristophanes or disciples of Socrates like Plato and Xenophon, for knowing anything about Socrates. However, these sources contain contradictory details of his life, words, and beliefs when taken together. This complicates the attempts at reconstructing the beliefs and philosophical views held by the historical Socrates. It is apparent to scholarship that this problem is now deemed a task seeming impossible to clarify and thus perhaps now classified as unsolvable."
that is exactly what I am saying we should get a correction next year after making a temporary high, the weekly array on the S&P500 also targets the week of the 13th as a major turning point... Armstrong said on his private blog titled US Share Market - Breakout or Something Else? "there remains a risk that the market will rally into the ECM turning point in January"
@AnonymousCoder
So you are saying here in public, that any number of non-elected reversals can negate any major elected reversal of clearly much higher significance!
A quarterly bearish reversal is not more significant than a yearly bearish reversal just because it has been elected. Do you think that a reversal is significant only if it is elected?
In fact testing yet failing to elect a YEARLY bearish reversal is MUCH MORE significant than electing a QUARTERLY bearish reversal. This just shows your lack of understanding of the reversal system.
The fact that gold came so close but still held a yearly bearish reversal at 1044.5 was more significant than electing a quarterly bearish reversal signalling gold was not as weak as it appeared.
Even the 2015 gold report indicated CRITICAL SUPPORT at 1044 and technical support at 1026. These levels were not even broken intraday. Only an absolute beginner would of shorted this market with that kind of information.