www.armstrongeconomics.com
The Turning Point on the ECM is this weekend. We do happen to have a
Directional Change next week in the Dow with the next turning point due
the week of 12/04 and that is followed by the week of 12/18. What is
most curious, is the fact that the Dow, Euro, Gold, and Oil all have the
same timing targets, with oil showing the week of 12/04 is the
strongest.
We are witnessing the global markets beginning to align. This is
implying that international expectations are starting to dominate
domestic or isolated market fundamentals.
We do not expect this turning point to be a monumental one. What this
reflects is the markets are starting to align preparing for 2018 and
the beginning of a new round of fun and games.
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