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


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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.

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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Stock Market – What Next?

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

    Stock Market – What Next? Empty Stock Market – What Next?

    Post by Lobo Thu 28 Apr 2016, 5:53 pm

    Stock Market – What Next? Up-Down-Color
    QUESTION: Mr. Armstrong; At the WEC you said stay in cash not debt. You also said the stock market would dive in the first quarter the turn back up. I have followed the reversals all the way up and caught probably 80% of the move. Thank you. My question is simply are knocking of heaven’s door? Is it time to breakout or are we consolidating? I have found the Socrates preview for attendees a real asset for it has no agenda but forecasting.
    Cheers;
    B from UK
    Stock Market – What Next? Dow-GMW-4-26-2016
    ANSWER: Well put. Stay in mostly cash, far away from fixed income. Yes, we are knocking on heaven’s door as they say in the Dow. The GMW has done a pretty good job for this rally. The Daily Bullish Reversal in the Dow that is important stands at 18137.50. We reached 18167,63 intraday, but could not close about that Reversal. It is possible to break through to new highs on the cash index. However, to do so we need that daily closing just to test the former high established last May at 18351.36. We need to exceed that high here in 2016 to imply we will continue to push higher.
    Nevertheless, it is never wise to ANTICIPATE such breakouts because that is how people buy the high and lose a fortune. A daily close above 18010 will help warn that we may press high for a day. Keep in mind we are at the threshold in many markets. If we press higher after April, then we can see an early rally into June/July. But lift-off still appears to be next year in almost everything.
    The issue seems to be CONFIDENCE. That must crack, and when it does, this will be confirmed by the breakout in everything.
    https://www.armstrongeconomics.com/markets-by-sector/stock-indicies/dow-jones/stock-market-what-next/

      Current date/time is Thu 28 Mar 2024, 5:56 pm