msg from the prognosticator, sir marty, something about if not one way then another path
The Dow for the Week of 4/27 (PRO)
MONDAY, 27 APRIL 2020 BY: MARTY ARMSTRONG
Ideally, the week of the 13th should have produced a high with a pullback into this week of the 27th, rally back into the week of May 11th, then a panic down into the beginning of June. If we make a high this week, then we mat see all those targets invert.
The first Weekly Bullish Reversal stands at 27,272.18. This warns that there is plenty of room to get everyone excited thinking this is all over. We have to close above this to even suggest that the March low could hold.
The Governor of Idaho, who is a Republican, has lost his mind. At the peak of this crisis, only 6% of the hospital bed capacity was utilized. With respect to ICU beds, that came out to 18%. Nevertheless, he has doomed his economy, and the State declaring the "We are not going to return to normal until we have a vaccine." These politicians are providing the incentive for a revolution and the violence we will see rising in the months ahead is nothing we have seen since the 1960s.
Do not worry about missing this rally. The old saying was the Opera ain't over until the fat lady sings (because she had the best voice), but this time it may be when the politician sings. |
