Wednesday, November 04, 2009

NYSE projecting a late April 2010 low, this date has now also been confirmed on my oscillator for the Toronto Stock Index (TSX), as of Nov. 8.

I now find myself at odds with Terry Laundry and his T system who is looking for a high in March, which is confusing since he is looking for the final high in this bull run in August 2010.

Martin Armstrong in his latest article is still talking about a possible low in this time period (thanks to the editor of Geronimoscalper in answer to I have this clarification... "closing support for the Dow will be at 8600 and 7200 levels. A closing below the first will signal a retest of lows for May, where as a year end closing below 7200 will signal a test of the 5000 level with the most extreme support 3800." also... "the two yearly targets for a major crisis are 2011/12 and 2016."
So the Dow will have to shed a fair bit by year end to turn more bearish which I believe will be the case, it may just be a test of last March, considering the lower NYSE chart below, also consider that the Nikkei and Nasdaq 100 did not put in a lower low in March.




17 comments:

  1. Love your work.

    As I see it, we trade sideways to up into early Jan. if we're going to get a big spring dump or low.

    Make any sense?

    cal

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  2. I will be surprised if the market can go up into Jan, it seems to be rolling over now but we'll see.

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  3. Where has i written this?

    "NYSE projecting a late April 2010 low, Martin Armstrong in his latest article is still talking about a low in this time period"

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  4. Where has I??? written this. HUH????? Who's I or me or what?

    Jay

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  5. Ok... I just would like to know where has Armstrong ever written or spoken about a low at least in late April 2010...

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  6. OT-I sent an e-mail to 'register' for news and updates to that ArmstrongEconomics e-mail address but never heard back nor get any "news" and "updates". Are Martin Armstrong's articles sent out via that e-mail address? Just wondering. Thanks in advance.

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  7. OK, for those of you who are too lazy to do a google search or go to the link on this site for PrincetonEconomics blog which has a link to all articles written by Martin from prison... here is the link to his latest article, scroll to the bottom and read that a new low or a test of last March's low by May 2010 is likely. Why are you clutting up my site with these doubting posts???
    http://www.scribd.com/doc/22121545/Objective-vs-Subjective-Analysis-11-1-09

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  8. I have nothing to do with Martin Armstrong updates or email subscriptions, just go to the www.scribd.com site to read his latest stuff.

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  9. I have read Armstrong's article about 2010...and I have seen that he has considered the technical analysis and he clearly says that is very difficult to know the movements of the markets .... so the one who reading Armostrong says that in May 2010 we will see new lows is wrong ... Armstrong simply said that everything dependes on the close we will see in December 2009 as far as regards the Dow and that if the Dow will close above 10800-11000 the market will probably still run in 2010 ... if the Dow will not close above 10800-11000 we will have a neutral signal on the market...

    look my blog google search "geronimoscalper"

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  10. Read on, you left out the last part by Martin, "closing support for the Dow will be at 8600 and 7200 levels. A closing below the first will signal a retest of lows for May, where as a year end closing below 7200 will signal a test of the 5000 level with the most extreme support 3800." also... "the two yearly targets for a major crisis are 2011/12 and 2016."

    I have great respect for Martin's work that is why I follow him a great deal but my own projections have nothing to do with his work but I like to see if there is some agreement anyways.

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  11. I take your points though, Dow will have to shed a fair bit by year end to turn bearish, which is what I think it will do.

    I cannot read your blog because it is not in english.

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  12. I have also a great respect for Armstrong's work and often I visit and read your own blog because I am very interested in american stock markets and particularly interested in SP500 .. Thanks ... ciao

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  13. This is a better site for Martin Armstrong articles in .pdf format (I can't believe this is the first time I am finding this link after the many Web searches):

    http://www.martinarmstrong.org/economic_projections.htm

    It sure beats having to remember yet another stinkin' userid & password at escribd.com. Sorry for assuming that you were affiliated in some way with Armstrong.

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  14. the martinarmstrong.org site is getting their articles from the scribd site, the woman - Kris, that posts those articles on scribd gets the articles directly from Martin. She is a real saint.

    I have met Martin at conferences and have always liked him as a person, he is one of the smartest people alive in my view.

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  15. Good for you. That must have been a real pleasure and an honor to have met Martin.

    All the best.

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  16. The indices will have all reached their targets..YM, TF, NQ, except ES...1126 has not been hit and it must.

    ES hi 1126/1143/1165
    Dow 10314 ( hit) next up 10640/10780

    TF hit 624..maybe up to 640

    Look to short these in Jan 2010 with another move up in March then crash..as the Dubai, NY state bankrupcty and real estate and a lot of other BS like unemployment at 14% ( Unemployment in US not is 18% real figure).

    So more BS news to slaughter the sheep in 2010. Watch the dollar...up up and away...US index to 85-95 from 72 low yet to come.

    YM down to 4200/3,800
    ES to 420/380. The 6460 and the 665.75 will be beaten....lower. All in 2010

    Don't be sheep and listen to stupid news.....Baaaaa

    Good trading

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