Friday, September 30, 2016

9-30-16 Dow and Gold numbers

From Armstrong
"close tomorrow below 18247.79 means move lower into early October
Close below 18138 means close the year below 17823"


It looks like we won't hit either of these sell signals. 


On Gold
"A closing below 1347 will imply weakness into year-end."


This one is met.  Sorry gold bugs!  I will probably be looking at paper shorting when Evolution thinks it appropriate, which is actually right now on both the monthly and the daily.  The weekly is mixed but bearish.



1 comment:

  1. Yeah, I doubled this one in 2 days. I went out to December, I usually go shorter term :/ would have made a tone more.

    ReplyDelete