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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 Closing for October 2015

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

    Dow Closing for October 2015 Empty Dow Closing for October 2015

    Post by Lobo Mon 02 Nov 2015, 11:02 am

    Dow Closing for October 2015

    Posted on November 2, 2015 by Martin Armstrong

    Dow Closing for October 2015 DJIND-M-11-1-2015
    The Dow closed neutral on our indicators for the month-end of October. We have held support below and bumping against resistance. There are only two possible patterns: (1) a slingshot move that penetrates last year’s low and swings to new highs in a blast to the upside, or (2) we simply base and then enter a Phase Transition.
    The fascinating aspect is in our Energy Model. We can see that despite the rally in October, the Energy turned negative in a full-blown divergence. This means that the over-bought position of the last few years is being resolved. That opens the door for a Phase Transition.
    Dow Closing for October 2015 DAXCSH-D-11-1-2015
    Now look at the DAX. It bottomed WITH the ECM one day ahead of the turning point. Many individual stocks bottomed precisely with the ECM. The DAX did penetrate the previous year’s low intraday. The closing now for year-end will be absolutely critical for the survival of Europe as a whole.
    This entry was posted in Future Forecasts and tagged DOW, Energy Model, October 2015 Close by Martin Armstrong. Bookmark the permalink.

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