Loading ...Basically what Armstrong is spewing forth is a buy the dips theory. We expect to hear more of this from the msm shortly. Some of that has already started as pundits assure us that a 10% type correction is both healthy necessary so that the market can recover and make new all time highs. We must have rebound rally at some point as a continuation of 1000 point weekly declines would completely wipe out the Dow in just 17 weeks. So, rebound we shall have and only after it turns back down will we see that all that was accomplished was to make a LOWER high.
Maya-I believe that u r correct…Bur I must say that after 10 years of use of this type of camera
why haven’t these reports been publicized more often?–I wasn’t talking about 20-30-40 yrs ago…with old style film.
FWIW
Armstrong mentions the 2009 low that 2014 we don’t have a top yet and is saying that we are not in a phase transition yet. Meaning top basically. This one mentions gold but not as a gold promoter and they way he has been using that term a lot had to laugh at that one. Basically he’s saying this is not it, unless it moves below a certain point which he doesn’t mention but I did couple days ago to keep this short. So he’s looking for a bottom this month. Maybe, or next. Orr.. ps nice of him to throw the gold bugs a bone once in awhile. Wonder how that will work out for the Dow if the Orr happens? http://www.armstrongeconomics.com/archives/36343