General Discussion » Q1 DOW

MA is stated that Q1 will consolidate or retest support.

I am looking to purchase the 2019 US share report when it comes out and I will also purchase video access to Michael Campbells 2019 World Outlook Financial Conference on Feb 1 and 2.

Michael Campbell is the one who interviews Armstrong at the World Economic Conferences and keeps Marty on track with his discussion.

Here is what Campbell said recently about Armstrong:
Link

Armstrong hinting at Today (Jan 18) making a possible short term high. Directional change next week in the DOW with a panic cycle the following week. I went to cash at the end of day. I will buy the dip into the week of Feb 11. If it unfolds this way.

Arrays show that week as a target week.

AS Armstrong stated Friday Jan. 18,2019 may make a short term top and wee could sell into Fed on the DOW. Directional change this week, Panic cycle next week. 21600 is the key number on a closing basis for the month.

Here's look:

Zitat von PSP

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AS Armstrong stated Friday Jan. 18,2019 may make a short term top and wee could sell into Fed on the DOW. Directional change this week, Panic cycle next week. 21600 is the key number on a closing basis for the month.

Here's look:

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Hello!
So, should we test the monthly bearish next week?? I am short at the moment.
Best regards,
Entran30

Hi Entran30

Well we have a directional change this week and a panic cycle next week. I think that next week will be a strong move down. Armstrong has stated as long as we hold the 21600 on a monthly close the bottom could be in. If we close below that we fall into the 19000s. I feel if we test the December low and make a higher low into the week of Feb 11 we will begin an up move.

Todays close will be interesting to see if there is indeed a "directional change". I can see how next week may be an outside reversal to the downside even based on the technical analysis of the downturn line [/font]

Zitat von Alex

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the top of the 4h uptrend channel lies at about 24950 and then the extended channel at ~25150 . That would also match nicely.

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I'm thinking we may get the Outside reversal to the downside panic cycle next week. Early pop in the week, hit the resistance, and turn hard down.

From the Socrates website:
"We’ve observed that approximately 70% of the time, a Panic Cycle has been an outside reversal (e.g. price exceeding the previous session high while also penetrating its low), or capitulation, whereas approximately 30% of the time it has been a relatively fast one way move."

This chart is based on closing WEEKLY numbers:




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