Market Curiosity: Exploring Markets And Systems

June 9, 2011

AAPL’s last correction was about 19 weeks. Current correction is about 17 weeks.

Filed under: Just Watching — Tags: — Jeff Fitzmyers @ 9:54 pm

Curious if Martin Armstrong’s turn date of June 13-ish will mark a general bottom in stock and a top in debt? Rather hard to deny the fed/gov/ won’t keep printing. Also curious if the fed/gov is nervous of tanking markets because they know they might lose control. So better to yap about it rather than do it?

Anyway, not going to buy APPL tomorrow, but it is looking interesting.
+ NR7 today.
+ Daily RSI low and turning up.
– Weekly RSI not very low.

A buy stop could be placed above todays high, but I’m would prefer the NR7 to be closer to the weekly magenta EMA.

2 Comments »

  1. I’ve heard a lot of talk about Armstrong’s “turn date” coming up but I read what he wrote about it and it doesn’t sound like he’s predicting much of anything noticeable will happen. In fact, he says “There appears to be no major market that will peak or bottom in a big dramatic way.”

    Do you know anything about his track record? I don’t. I just know for some reason he has a strong reputation but whether it is deserved or not is beyond me.

    Comment by silverflaunt — June 10, 2011 @ 4:49 am

  2. I don’t follow Mr. Armstrong very closely, but it seems his dates frequently mark the turn in something. From what I understand his computer economic model was very accurate. Raymond Merriman has a turn date for stocks around June 13. These dates are basically correct +/- 3 days over 75% of the time. I am paying attention since the 2 different approaches suggest the same thing.

    Comment by Jeff — June 10, 2011 @ 7:22 am


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