2 of my favorites calling for a top in mid June, the 13th and 15th to be exact.
Get ready for HBB to get a "mini-QE" to gun the market with.
Martin Armstrong just got out of jail after being in jail for like 7 years on contempt of court.
Will global stock markets or commodities crash on June 13th? It is a question being seriously asked by chartists around the world and followers of the eccentric economist Martin Armstrong whose 8.6-year business cycle points to this day for a major transition.Arch Crawford is not just a "Star head", but a blend of financial astrologer and tech analyst. Obviously, by the quote from his May newsletter, he is a bit of a political and history follower.
It would be easy to dismiss Armstrong as a crank if he had not been right so many times before with his modelling. As the ArabianMoney newsletter (click here) explains this month the theory fits the 1929 and 1987 Wall Street crashes, the 1989 Nikkei top, the 1994 S&P bottom, the 1998 Russian market top, the 2002 S&P market bottom and the 2008 stock market bottom.
“…There is no nation on earth powerful enough to accomplish our overthrow. …Our destruction, should it come at all, will be from another quarter. From the inattention of the people to the concerns of their government, from their carelessness and negligence, I must confess that I do apprehend some danger. I fear that they may place too implicit a confidence in their public servants, and fail properly to scrutinize their conduct; that in this way they may be made the dupes of designing men, and become the instruments of their own undoing.”-Daniel Webster 1837Hmmm...1837....what else happened that year?
Check this 10 minute review of US History for the answer
http://oahutrading.blogspot.com/2010/12/10-minute-history-of-us.html
Here is Arch's recent comment.
JUN 6 = Next CP newsletter. JUN 8 = Down in both Stock and Metals – May be a temporary low, at least in metals.
JUN 15 = Total Lunar Eclipse = This series of eclipses can be turning dates in many markets, and likely more Earthquakes +/-4 days!
I can give you a free link to his May Newsletter if you drop a comment or email me at
stock
I like Arch, I used to subscribe...I think. It was a long time ago. Have to respect anyone who's been around as long as he has, succeeded in all types of markets, and processes more information than I'll ever even be aware of.
ReplyDeleteWe look like we need a bounce but I bet that's all it is. I have that 124 SPY number, too, like you do. But I think it may overshoot that and head down to 120 in the coming weeks, maybe even more, then come up to retest the underside of the trendline, which will be in the 120s by then...also the daily 200dma to consider, but I think that might have more meaning as resistance than support.
Well, maybe, might, could be.
Nice... it supports my theory that something will happen over the weekend (like on 6-11-11) and Monday the 13th will be a Black one.
ReplyDeleteHey Red good to see you
ReplyDeleteIt is weird that the consensus seems to be a mid June bottom,
Well, it Armageddon doesn't happen, that's bullish! Whoa.