The 8.6 year global cycle model of Marty Armstrong nailed almost perfectly the exact top in the IYR real estate index in February 2007. The exact date was February 25th, 2007. I find it quite fascinating that his 8.6 year cycle model nailed the exact turn in the real estate market and yet it appears … Read more
A recent report was sent out by Marty Armstrong on January 5, 2011. It is a worthwhile read as he discusses a little bit the June 13, 2011 turning point and also talks about gold and some other markets as well. The middle of page 3 is a good place to start. He clearly describes … Read more
The Uranium spot price according to UXC.com is currently near 70 dollars per pound as of January 12, 2011. I check the price occasionally and have been thinking about this sector for quite some time now. I believe the uranium spot prices are updated every Monday but then released in delayed fashion by Tuesday or … Read more
A comment poster recently asked me to take a look at ARMH stock for some clues as to whether it was in a good buy zone. I indicated that ARMH was probably overextended and not at a good risk reward entry point. Sure enough a few days later the stock shot up from 21 to … Read more
After looking at the yearly price chart of the sp500 I decided that 1470 is a much better target than 1550. At this point I would think it quite foolish to target 1550 based on how the yearly chart looks. It just would not be worth the risk given the significance of the potential overhead … Read more
The sp500 today barely made much ground but still held recent levels which in my opinion should be treated as a bullish sign, especially after the shooting star reversal of 2 days ago. The long side continues to look like the right side to me and I do not expect to change my opinion for … Read more
The market’s reaction today to the jobs report was pretty much a non event. The lack of heavy reaction to the downside is quite telling and the strength continues to be notable. The market appears to be on ‘auto pilot’ into the end of the year. It almost seems too easy to presume that the … Read more
In yesterday’s post on the sp500 it seemed as though we had a clear intraday reversal at hand and an easy chance at higher prices. I did mention in yesterday’s post that, “A down market tomorrow that retraces and closes more than 50% into today’s reversal hammer would potentially eliminate today’s move as a clear … Read more
For the very short term outlook there may exist a modified version of the bullish harami cross candlestick pattern in the sp500. This occurs when one sees a long body down candle and then a doji on the next day that is fully engulfed within the previous day’s candlestick body. We did not exactly achieve … Read more
I have been reviewing the long term quarterly charts of the Dow Jones Industrial Average in the current decade and the decade of the 1970’s. The 1970 period has provided me with some enormous cutting edge clues as to our current long term outlook. The structures are not exactly the same and one should never … Read more