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Board Economics
Re: Martin Armstrong Discussion
by
bumbum
on 22/05/2020, 01:35:54 UTC
Quote from: luckyplate on May 20, 2020, 08:40:21 AM
Quote from: CaymanJack on May 09, 2020, 08:10:49 PM
Quote from: bumbum on May 09, 2020, 07:49:30 PM
Quote from: Gumbi on May 09, 2020, 02:01:05 PM


@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 as long Dow close below 24765 on a weekly basis on May.11.2020, then the above applies?  That's a steep decline if the intraday low occurs in May.  

The question should be, when do you short this market? Martin Armstrong/Socrates will not give that answer. How can anyone trade using his could, should, maybe statements.

The longer the consolidation  , the more violent  will be the next move or drop. Spx resistance  level at 2760 . Below that and the next drop is 2500 . Stay above 2900 is bullish very short term




Since the March Low, SPX look likes a bull flag and currently coiling toward new highs.  If you look at it from Feb High, it looks like a bear flag.  How you are everyone looking at this? 

Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
bumbum
on 09/05/2020, 23:23:59 UTC

Quote from: Gumbi on Today at 02:01:05 PM



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. right now it is could,should, maybe because no sell signal(bearish reversal) has been elected.


@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





Really appreciate your effort in explaining.  It's more clearer to me now.  I read the manual couple weeks ago and will still need to read few more times.  I have following MA since 2012 but only for his political views and general market direction.  I did not use it for trading purposes since I didn't really understand how to use his models.

Do you use his energy model or other technical analysis in conjunction with reversal and array to improve trading?   


Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
bumbum
on 09/05/2020, 19:49:30 UTC
Quote from: Gumbi on Today at 02:01:05 PM


@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 as long Dow close below 24765 on a weekly basis on May.11.2020, then the above applies?  That's a steep decline if the intraday low occurs in May.  
Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
bumbum
on 08/05/2020, 06:21:31 UTC
Quote from: Gumbi on Today at 02:04:53 AM

 The week of the 27th was a low on a closing basis, we should now rally into the week of the 11th which is also a directional change so we can make a intraday high and then turn down.. week of the 18th is a panic cycle. There is no panic cycle this month, but we do have a Turning point in June.

Directional changes usually indicate a change in direction but can also be a fast one way move.


I gather that's the "ideal" scenario but for the week of 18th it can also panic into a high instead of a low into June?  Pretty hard to trade this unless one has the pro level. 

Using TA for SP500, the 200dma is not far off.  Looks like we are retesting the high of 2953 in the next couple of days. 
Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
bumbum
on 06/05/2020, 06:11:25 UTC
@gumbi

Maybe you have a better understanding how read MA. 

In April DOW has not exceed the high of week of 13th so there is no Cycle Inversion.  I have his private blog but how do you interpret his "DOW for the week of 4/27?  I believe there's Directional Change and Panic Cycle coming this month, do you see DOW going higher into it before it change direction?

Does Directional Change mean it can go opposite direction and it can also continue on with its curremy direction?  Thanks.
Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
bumbum
on 17/07/2016, 06:47:01 UTC
Would it be wise to stay out of debt now before this inevitable monetary reset happens?
Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
bumbum
on 11/07/2016, 08:12:07 UTC
@iamnotback

Your posts are very informative.  Thank you!