Scooter
Ferrera who has had most of the turns correct this year within a few days has that Sep date as a low and then a top a month later and then a shrp fall.
So some have it as a high and some as a low. I have no opinion and so won't disagree with you. What is your reason?
BayCity
The main Armstrong date was 2009.3 (around April 20 roughly) and was a right shoulder. That in theory should give a 24 month decline. The previous time it was from Sep 2000 to Nov 2002 which was severe.
This time it appears to be doing little although I maintain it is one of several cycles that need to be considered and we had one rising into the current period and one rising into near the end of the year which I expected would produce the major high now NOT year end, as form now we have 3 cycles down and just one up.
Armstrong cycle is an economic confidence model and NOT a stock market model per se. I also acknowledge that there are times when it is not so significant after looking back 80 years.
I did mention an Armstrong cycle low for last Friday but that is a different animal in that it is not is predetermined dates but just his time spans worked from major lows or highs. Think of them as ghosting on a TV picture, or just offsets from the main cycle. All kosher according to Armstrong.
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