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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


Neno

I can be reached by phone or text 8am-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

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Established in 2006 as a Community of Reality

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    Dow for the Close

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    Dow for the Close Empty Dow for the Close

    Post by Lobo Thu 27 Aug 2015, 2:47 pm

    Dow for the Close
    Posted on August 27, 2015 by Martin Armstrong

    Dow for the Close DJIND-D-8-27-2015
    The Rule of Reactions is always one to three. For a trend to develop, it must exceed that 3 unit of time limitation. So we need the market to move higher beyond today. At the time of this posting, the Dow is trading at 16628. We need a closing above 16460 to help stabilize the market A closing on Monday ABOVE 17069 will suggest that we may have a low in place. A closing BELOW 16899 will warn that we should retest the lows before proceeding any higher. A closing BELOW the Monthly Bearish at 15550 would warn of a potential March 2016 low with still the swing to new highs as early as 2017/2018.
    So far so good. As long as this week’s low holds, then this market will stabilize. But breaching that level means we will swing down and the swing back up violently. Thus, nothing has changed as yet and we are still waiting for the confirmation when the collapse in government starts to send the US equities nuts.
     

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    http://www.armstrongeconomics.com/archives/36610

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