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Dow Closing for October 2015


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Dow Closing for October 2015

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

Dow Closing for October 2015

Posted on November 2, 2015 by Martin Armstrong

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.

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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