@Bumbum @fred9999
We should see a new high next week which could be as soon Monday with a decline thereafter into the week of the 18th(TP) which should be a panic cycle to the downside. a lot of these moves will be determined by the reversal system, so as long as the Dow does not elect its next bullish reversal at 24765,
the market should decline into the the week of the 18th.
The 2nd quarter is a turning point so we either have to make new lows or close below the 1st quarterly close. The intraday low may occur in May, with June being the lowest monthly closing.
So should you short the market? Or should you just wait until something happens and then proclaim Martin was right again in hindsight? How does this verbiage even help traders make a definitive trade?
Martin proclaims the ECM is accurate to the date, but yet his forecasts are wishy washy with no definitive action to take and are written in a way to make him look right in hindsight.
If you think the above information is not helpful then you are not a trader. You can short the market against the next daily bullish reversal(24765) the array forecasts turning points and the reversals will determine the direction going into them. The array does not say whether the turning point will be a high or a low, that is why you have to use both the array and reversals together. Armstrong cannot foresee what reversal will be elected or not elected, what
you are suggesting is that Armstrong must somehow know the direction before a actual buy/sell signal is given which is absurd.
Do you even read what you write? Why would you short against the next daily bullish? You just said the market will decline if it's not elected.
So if it's not elected then what, do you short? This is so silly, how can any trader make a decision from your statements.
Armstrong's ECM shows directions to the date, why can't his forecast?
why would you short against a daily bullish? because a daily bullish is a key resistance level.
@Caymanjack,
when do you short this market? you short when a bearish reversal is elected which is a sell signal, or you can short against a bullish reversal and exit if elected which of course has more risk.
@bumbum
24765 is a daily bullish reversal as long as that is not elected we can move lower. you can short the market intraday and exit if elected at the close. the weekly's are at the 27000 level. June only has to close below 21917.16 to confirm the quarterly turning point here in the 2nd quarter if no new lows are made
Ok, then what is the magic number for shorting this market? Short the market after it has already declined? You will find yourself sitting on the sidelines waiting for these magical numbers to be or not be elected only to see the goal posts constantly move.
What a joke.