Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
DanB1
on 28/12/2019, 11:05:34 UTC
The forecast has not changed with the the price target being around the 30 000 area on the Dow. but I suggest you subscribe to the pro version if you actually want more specific trade information by Armstrong. It is extremely unfair to post information posted on his private blog when people are paying their hard earned money for the same information but essentially the S&P 500 and Nasdaq on the weekly level is now showing a major turning point the week of the 13th of January 2020 exactly in line with the ECM(2020.05) We should then see a move to the downside thereafter into at least 2021. Armstrong calls for a 20% or more correction.

In all fairness but if week 3-2020 would indeed prove to be a major turning point in all the US indices then that is a big call.
That doesn't change anything to his reversals and arrays nonsense. These have been debunked on this forum many times already, as Bikefront correctly mentioned a few posts back.

In case there is no turning point in the week of January 13th, I think we can close this blog. In that case so many of Armstrong's statements have been proven wrong...