Bonds, Currencies, Commodities and Index Futures Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Chip McVickar	1/8/2005 2:02:45 PM
	Read Replies (2) of 12411

For market timers... this article is worth studying. Martin Armstrong from the Princeton Economic Institute armstrongdefensefund.org Both 2000.7 (July 2000) and 2002.85 (Oct 2002) have been direct and accurate trend reversal markers. January 2005.0 (Jan 2005) is another marker. January 3, 2005, stands as a high. According to Armstrong's cycle model, the yearly high is in place and no new high is expected in 2005. This will be a year of consolidation and correction, not a bullish scenario. The next projection for trend change is 2006.075 (January 27, 2006). Looking back to 1990... his work is reasonably accurate, but some trend reversals are weak and subsiquent price trends are weak and the old highs/lows are often taken out. In any case... not complete follow through, but the work is interesting and uses Fibonacci numerical sequences. SPX cash 1990-2005 monthly chart stockcharts.com[w,a]maoannay[d19900108,20050108][pf]&pref=G My own opinion... and FWTW... this years Jan trend reversal marker will turn out weak and be taken out... with 2005 being a bullish year, however his work cannot be discounted and his expected high is in place as defined by Armstrong.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next