Wednesday, November 16, 2016

Something Big Tomorrow?



(daily chart)
The HUGE election expansion period is coming to an compressing end.  Based on the big expansion cycles early on this chart, the first one continued up, and then the next compression resulted in nothing for like a month. 

It seems like most of these compressions are also changes in the direction, but that certainly is not required, and might not even be true, since I don't have any numbers on that. 

It is apparent as of right now, that we will end with the buy-the-open signal that has been right the majority of the time, but double check it before the close.  Armstrong's timing array has today as a turning point on the Dow, which means a low, also implying a higher open.

It is bearish on Evolution though.  The Evolution signals seem to work much better on individual stocks.

Beyond today, this week should overall finish higher than the last one, and next week should finish lower than this one, based on the weekly timing array.


4 comments:

  1. Did you notice that the buy-the-open signal was definitely up from yesterday (Tuesday) to today, but the market opened down? I have not had much luck with that one recently, unless I am missing something?

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    1. Sorry for your tough luck. If I just glance back, it was accurate today, Monday, and like every day the week before.

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  2. Here's Greg Scammarino at his finest: https://www.youtube.com/watch?v=Jg4KPe7YNLg fed will raise rates. But just some months ago, he said fed can "never" raise rates https://www.youtube.com/watch?v=-VHlvU3e5vE Can you please address what a know-nothing loser he is?

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    Replies
    1. They can never raise rates without destroying the economy, to be precise.

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