Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.


For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017

Dow & the Immediate Outlook



Posts : 17902
Thanked : 881
Join date : 2013-01-12

Dow & the Immediate Outlook

Post by Lobo on Mon 04 Jan 2016, 2:33 pm

Dow & the Immediate Outlook

Posted on January 4, 2016 by Martin Armstrong

QUESTION: Marty, at the WEC you said the Dow would go down in the first quarter. How far do you see this going this time?

ANSWER: We elected a monthly Bearish Reversal at year-end and closed lower than 2014. The main support starts down at the 15850 level followed by 15370. We can see even technically the stochastics are showing a correction is forming and we lost the upward momentum. A monthly closing beneath that level will confirm a deeper correction. Many people expect the stock market to decline with higher interest rates domestically while others see an uptick in U.S. rates as a kiss of death to emerging markets which would be bad for the world economy as a whole. Keep in mind that these are likely to put a bullish spin on the dollar, fueling the deflationary spiral for now. I have stated that this is critical to understand the future.

We have initial support forming at the 16886 level and a weekly closing below that will confirm a continued decline. Our daily models warn of important support starting at 16930.

Volatility should rise into next week and we have a slew of Directional Changes in a row on the Weekly level, warning of a very choppy market ahead into early February.

This entry was posted in Future Forecasts and tagged DOW, Future Forecasts, Weekly Dow Array by Martin Armstrong. Bookmark the permalink.

    Current date/time is Tue 06 Dec 2016, 11:53 am