muses of the moment

December 31, 2012

Latest Blog Post from Martin Armstrong dated December 30, 2012

Filed under: DOW and S&P500, Martin Armstrong — Tags: — totallygroovygirlfriday @ 12:29 pm

Click here for the latest blog post by Martin Armstrong entitled Dow Jones Yearly Bullish Reversal 12567 dated December 30, 2012.

Advertisements

2 Comments »

  1. GG,

    Martin’s latest at:

    http://armstrongeconomics.com/693-2/2013-2/fate-of-europe-2013/

    -Lemming

    Comment by Lemming — January 7, 2013 @ 2:01 pm

  2. GG,

    A few more things:

    First, Financial Survival Network interviewed Martin on 12/27/12 at:

    http://financialsurvivalnetwork.com/2012/12/martin-armstrong-2013-crazy-things-happening-around-the-globe/

    Secondly, the daily and weekly gold charts are still bottoming. I don’t think we are ready for a moon shot yet:

    http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=0&mn=6&dy=0&id=p25552503526
    http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&yr=2&mn=0&dy=0&id=p02649803957

    The late Terry Laundry (T Theory Foundation) remained indifferent to the metals in 2012 through to his passing last summer. He was expecting metals to bottom by late December to mid January.

    That gives us a week. One more swooning test of 1525 without a break, or an intraday break and huge reversal would clinch it for me and I would deploy into more physical and the miners. Still holding core position and a recent deployment into the very risky PAL last month at $1.22 (up 30%).

    Finally, the Shanghai Composite finally broke Martin’s infamous 5th descending resistance line:

    http://stockcharts.com/h-sc/ui?s=$SSEC&p=W&yr=7&mn=0&dy=0&id=p16207367859&a=288280982

    It could still retest from above, but after already getting “chickened” out of my first deployment with the pullback the week before Christmas, I am redeployed into the Pacific rim on a more long term position in the form of CAF, FXI, and VNM. If they start to run, I may follow Jim Sinclair’s playbook and take delivery of the shares.

    We shall see what we shall see.

    -Lemming

    Comment by Lemming — January 7, 2013 @ 2:47 pm


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: