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Post by theMist on Nov 19, 2018 7:51:52 GMT -5
Jim's video
This past week we saw a move out and over the descending channel that we had been in since last reaching that level of resistance
at about 2816, I think this level could end up being the neck line for an inverted head and shoulders pattern. Of course, we need to
rally back up TO that line then break out over it with a margin of 1% or better before we can really call it that. So, that is what we
are watching for now. If we get that pattern confirmed then we are looking at a target of about 3045 or so, very near our
3055 target that we gave up on a couple of weeks back...
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Post by theMist on Nov 19, 2018 8:08:55 GMT -5
Vix futures Expiry tomorrow - we really have 2% contango right now shorting vix scams in premarket - VXX 35.26  |
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Post by theMist on Nov 19, 2018 8:17:23 GMT -5
S&P Futures That's a bottom pattern forming  |
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Post by theMist on Nov 19, 2018 8:40:47 GMT -5
Natural Gas (UNG)Weekly Chart Wait for that long awaited gap fill at 41.84 before shorting UNG or UGAZ IMO That should be a really good long term trade IMO 
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Post by walnut on Nov 19, 2018 8:58:26 GMT -5
Today is starting out like Friday did.
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Post by dino on Nov 19, 2018 9:47:11 GMT -5
SPX 20 day sma 2725
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Post by novie08 on Nov 19, 2018 11:42:17 GMT -5
Hi, guys...Just so you know, this is Martin Armstrong's panic cycle week, followed by the "trade of the century" which I THINK means to buy, buy, buy for upward trajectory of 6-12 mos. He's talking about the DOW as far as I can tell.
As always, I have trouble interpreting him so this is of course with my now decade long disclaimer, I could be wrong!
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Post by theMist on Nov 19, 2018 13:36:45 GMT -5
S&P Hourly Chart
S&P needs to maintain pattern of higher lows definitely another ugly day 
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Post by walnut on Nov 19, 2018 13:49:29 GMT -5
Hi, guys...Just so you know, this is Martin Armstrong's panic cycle week, followed by the "trade of the century" which I THINK means to buy, buy, buy for upward trajectory of 6-12 mos. He's talking about the DOW as far as I can tell. As always, I have trouble interpreting him so this is of course with my now decade long disclaimer, I could be wrong! Please lord |
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Post by huh on Nov 19, 2018 13:51:29 GMT -5
Ouch. Not at all what I expected. I figured this week for an up, up week.
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Post by huh on Nov 19, 2018 13:52:53 GMT -5
VXX still nowhere near that $38.50 level though, so there's still hope.
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Post by clinton on Nov 19, 2018 14:26:23 GMT -5
Ha ha wish I bought puts every week on this turd.  |
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Post by theMist on Nov 19, 2018 15:16:41 GMT -5
S&P Hourly Chart updated  |
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Post by lasvegas77 on Nov 19, 2018 15:45:30 GMT -5
Vix futures Expiry tomorrow - we really have 2% contango right now shorting vix scams in premarket - VXX 35.26 Ouch. |
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Post by novie08 on Nov 19, 2018 15:51:33 GMT -5
Hi, guys...Just so you know, this is Martin Armstrong's panic cycle week, followed by the "trade of the century" which I THINK means to buy, buy, buy for upward trajectory of 6-12 mos. He's talking about the DOW as far as I can tell. As always, I have trouble interpreting him so this is of course with my now decade long disclaimer, I could be wrong! Please lord I know. Almost wish I hadn't posted this. He's also calling for implosion of European bonds, Italy in particular. He's all about capital flows and his models, not charts. |
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Post by novie08 on Nov 19, 2018 17:26:14 GMT -5
Here's the best I can do from his free stuff...maybe someone else would like to interpret his read: www.armstrongeconomics.com/future-forecasts/ecm/ecm-the-cycle-inversion/It looks like Brexit and Europe will be a mess so in the short term, capital will flow to the U.S. Does anyone agree/disagree? It's very strange to have the markets behave this way during Thanksgiving week, but it seems it's all about Europe at this point. All of this is setting up for China to take over as the financial center of the world in 2032 according to him. Bye, bye to the West which has dominated the world for centuries. I know this has been in the cards for a long, long time and have friends who moved to Hong Kong so that their children are adjusted to the NWO and speak Mandarin. They are very plugged into the Democrat Party and have been hearing this for about 2 decades. Just as an aside. 2032 is only 14 years away! Hmmm. |
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Post by novie08 on Nov 26, 2018 10:33:27 GMT -5
Finally got an update...we will retest support which looks like 21633 on the Dow before "reacting to the European events" coming up. Does anyone else have an underlying support number for the Dow? TY.
Also, I'm assuming there's some basing before the coming breakout.
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Post by walnut on Nov 26, 2018 11:05:47 GMT -5
I'm not sure about Dow support, but daily TSV is trying to bottom and turn back up. Hopeful we don't have to test low support levels like that... but it sure could happen
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Post by novie08 on Nov 26, 2018 11:21:45 GMT -5
I'm not sure about Dow support, but daily TSV is trying to bottom and turn back up. Hopeful we don't have to test low support levels like that... but it sure could happen That's the lowest support on his chart--there are others much higher, most recent at 24,133 on the weekly. Who knows? I don't subscribe so don't have his detailed analysis which I often don't understand.  Next in his channel he has 22,803. He's writing about the Dow b/c he sees capital fleeing the rest of the world and coming into dollar assets, particularly the DOW. Again, I think of the NASDAQ as leading the markets, but his writings on this subject for the last two years has been focused on the Dow. |
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