Sunday, 7 August 2016

Martin Armstrong's Sling Shot Move Might Just Come True

Today's chart is based on Martin Armstrong's Sling Shot Move. Below I have a chart of the Dow Jones Industrial Average from 1915 to present (August 5th, 2016). Note the similarities to the expanding triangle chart pattern back in the 1920's. Martin Armstrong's sling shot move could be bang on. All of the money around the world is going to fuel the Blue Chips, the interesting thing is... are we going to see the same thing happen with the Transports and the micro cap Russell 2000? I don't believe in this market any more than the next guy with low volume on the breakout to new highs, but it is possible we go to some crazy number on the last trade before the stock market breaks down, anything is possible in the market. However the Timing Tool is still positive and when it crosses over to the downside, I'm out again. 

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