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Interesting monthly chart showing huge money flows to general markets. Only place to park money for many as zero rates for savings and currency controls ahead. Note the divergence.
MMTH is % of stocks over the 200 day ma
Threw in a gold chart with Armstrong arrays with weeks ahead to watch. Had the turning point nov 09 on cue. .Some Gann also, I have found he uses Gann, shall see what transpires.
Nice chart Highroller. I mean the one with the fan lines. Is that “like” Armstrongs work or is it a reproduction of one of his charts. Just curious. The turning date is precisely the same as my own. That’s why I am wondering. And it worked like a charm. Maybe I should just try his site. Does he publish charts every day in the same manner?
He wrote of it only once so I followed it with his dates. No, he has never posted a Gann line. No charts daily but does cover at times with lines. Cheap site to sub to and you can cancel anytime and sign up again anytime. Try it for a month and read away as nothing is deleted to go back yrs on.
That was very clever Highroller. Martin mentioned a turn date once and you followed it ever since and then expanded on it with fan lines? That’s pretty good thinking. Marty is going to have to be careful that you don’t sneak up from behind and reverse engineer Socrates! lol
🙂
blog today says close below 29746 dji = bearish.
I try to keep my indicators as simple as possibe and just get used to seeing stuff. You can throw more stuff to it and get over indicated and confused I have found. Here is today’s divergence and Armstrong says turning point this week , maybe after turkey they come back friday and sell
https://www.tradingview.com/x/BYBeiklw/