Tag Archives: Communism

Sep 3 2020

Australian Tyranny – Is Revolution Coming?


Armstrong Economics Blog/Australia & Oceania

Posted Sep 2, 2020 by Martin Armstrong

This video shows the tyranny in Australia as they arrested a pregnant woman for posting about a protest against the lockdowns. We have warned that the War Cycle, which includes Civil Unrest, turned up in 2014 and will build into intensity by 2022. This is not a forecast that has ever given me any pleasure. The two components are international war and civil unrest which leads to revolution. The worst seems to be on schedule for the Pi Target after 2024 and the peak of this 8.6-year business cycle wave of the Economic Confidence Model.

On January 1, 1901, the six colonies joined together forming the Commonwealth of Australia. The Revolutionary Cycle in Australia turned up in 2013, just slightly before the global War Cycle which turned up in 2014. The actions of the Australian government have completely turned toward an absolute authoritarian reign. Here you see that they are indeed monitoring all social media arresting a pregnant woman for merely posting on Facebook that a protest would take place. Even the German high court ruled that the government could not stop the protest on August 29th, 2020. Here in Australia, you see that the government has rejected every principle of a free society. Typically, the West would impose sanctions against Australia blocking all trade for they are treating their people no different than Russia invading Crimea as the West alleges, Syria, or Iran. Don’t forget the allegations against Iraq that it was a dictatorship.

The Australian Civil Unrest Cycle should begin to pop next year in 2021 and build into intensity by 2026. These politicians will be voted out of office so there will most likely be claims that in the middle of such a crisis, elections will be suspended. These politicians cannot now allow a free election for anyone who would then side with the people would be moved to arrest these politicians and prosecute them. Therefore, as long as Australian police act like the ones in this video, there will eventually be blood in the streets.

 

After the previous turning point of August 7th, 1964 which picked the Gulf of Tonkin Resolution incident to the day, there were massive protests against the Vietnam War. This is also the era when the Beatles wrote the song Revolution. Today, they would probably be thrown in prison for daring to even sing it. In Britain, the BBC is banning a song Rule Britania because it says they will never be slaves.

Never in my wildest imagination did I ever expect such a wholesale coup against our freedoms. This is what the rest of us face from 2021 on. Politicians no longer represent the people. They have simply gone mad. There are elections coming in 2021 around many places globally. I would expect them to be rigged, or even suspended for those in power doing this sort of oppression will surely not be re-elected. This is a global coup because the socialistic systems are failures which include the pensions for government workers.

Sep 2 2020

The New NFL “PRO-test” Football With Pete Karen


Sep 1, 2020 at 10:13 AM

Unlocked

Early Look, 

In a rambling display of virtue signaling, Seahawks head coach Pete Carroll complained whites weren’t listening to blacks. The lecturing ‘Karen’ then blathered on about how white folks needed to learn ‘real history’ and that slavery has never gone away. Well, Pete…we do know that over 600,000 mostly white lives were extinguished during the Civil War that ended slavery, but apparently that bit of stark history wasn’t real enough for you.

The politicization of professional sports in America is just part of the communists’ game plan. The Bolshevik Democrats are using the racial divide during an election year to usher in their figurehead, Biden. If elected, the socialists will again be on offense. They will drive to further destroy our Republic and our freedom. Coach Carroll can’t see this because he’s been brainwashed by the leftist media and the systemic political correctness that has long been embedded in Seattle. It’s one of America’s bluest cities.

The ubiquitous Black Lives Matter movement is not about black lives as much as it is about socialism. Pete said white people have too much money. Apparently he wants everything made more equal. If so, perhaps he should convince some of his multi-millionaire players to share a bit of their salary with the fans who can no longer afford to attend a game.

The NFL has been ruined by the left. Go watch an old football game on Youtube (pre 1975) and you’ll notice far less commercials and old fashioned hard-hitting football. Player safety wasn’t the paramount concern it is today. The game wasn’t slowed down by endless reviews and replays. Both black and white players did little celebrating when they scored touchdowns. They either dropped the ball in the end zone or handed the ball to the referee. Now we see elaborate hip grinding and self-aggrandizing, vulgar displays that make a mockery of the team sport. Pete’s racial screed added to the mockery.

NFL was already dying. There was too much kneeling and contempt for the fan base. Too many rule changes to favor ’safety’ dulled down the game. They didn’t want their star millionaire attractions to get boo-boos. Instead of entertainment, the left saw sports as a means of ‘educating’ the public. Indoctrinate and accustom them to a socialist system. They have want to change our ’national’ football league into a global one.

Thanks to the gum chewing and social justice-spewing Pete Carroll, the NFL is now dead to me. I will join a legion of other former fans and tune it out altogether.

—Ben Garrison

Sep 2 2020

Chicago – Flight from the City


Armstrong Economics Blog/Economics

Re-Posted Sep 2, 2020 by Martin Armstrong

COMMENT: My son-in-law’s mother works in (an area of) urban Chicago as a Nurse, a small enclave (that at this time is considered safe)…she spoke to a Chicago Policeman – he told her to get out as soon as she can &to learn to use a gun and get one. He said the Nut jobs that are running the city ( Lori Lightfoot – Mayor ) are letting it descend into chaos.

I hope the end is very near…

CNS

REPLY: This has become a real nightmare. In their desire to make Trump look bad, they are destroying their own cities. Now 6 Democratic mayors in Minnesota have switched parties and are endorsing Trump. You really have to wonder who’s strategy this has been. The very people who pay taxes expect to have security. With that gone, they are leaving in droves. This chart is the breakdown of the migration out of Illinois because of taxes BEFORE the riots. Chicago is just hopeless.

Sep 2 2020

The Push to 5G – Why?


Armstrong Economics Blog/Technology

Re-Posted Sep 2, 2020 by Martin Armstrong

There has been a lot of turmoil over 5G and whether this virus was somehow related. That much I can say is just a conspiracy theory for this virus that has all the hallmarks of being created in a lab. I am always concerned about conspiracy theories because this is how the opposition discredits anything. They deliberately put out stupid statements that can be easily exposed and then the process is if that is fake, so is everything else. I am very careful to stay away from such tactics for I am very much aware of how they are used to discredit valid questions.

There is no question that the prevalence of wireless technologies has spawned a telecommunications revolution. Many people no longer even have a land-line telephone. They use cellular. That has certainly increased our exposure to broader and higher frequencies of the electromagnetic spectrum as we transmit data through a variety of devices. The telecom industry is now promoting 5G to replace the current 4G cellular network. This new generation of higher frequency 5G wavelengths to power the “Internet of Things,” has been marketed as promoting faster data processing that will lead to a whole new generation of amazing new gadgets. They claim this will change our lifestyle and bring it closer to Star Trek.

The question is rather simple. 5G will cut the download time from 20 seconds to 10. However, 5G will require a massive telecommunications network with far more wireless antennas. This will mean that there will be greater radiofrequency radiation. While most are focusing on the increased health risks, such as an article published in Environmental Research, and we are looking at the next generation being exposed to higher levels of microwave radiofrequency, any true assessment of the health consequences is really down to speculation. We may not know the outcome for years or decades. As far back as 2000, there have been people warning about microwave absorption in the Brain and that wireless networks were dangerous as well as laptops. There have been scientists who have stated that there is no reason to assume 5G is safe.

Nonetheless, while all the discussion is focused on health, what seems to be overlooked is WHY? Do we really need to increase the speed? The real reason for 5G is being rolled out is not for amazing new gadgets, but for digital currency with instant payments and 100% surveillance. This Pandemic is being used to not only suppress the protests against 5G but to accomplish it in time for the replacement of the monetary system with a new digital currency among nations. They allowed BitCoin and others to pave the way, but now it will be time to outlaw private cryptocurrencies and force them into government digital currencies. Welcome to 5G – the new instant surveillance network to keep track of everything and everyone.

Sep 2 2020

Predicting Civil Unrest


Armstrong Economics Blog/Civil Unrest

Re-Posted Sep 2, 2020 by Martin Armstrong

The reason the government is monitoring all emails, social media posts, and twitter feeds, is very simple. This is seen as a database from which the prediction of social unrest becomes possible. There is a study titled “Social Network Structure as a Predictor of Social Behavior: The Case of Protest in the 2016 US Presidential Election” which examined the use of all forms of social media from emails to posts in the anti-Trump protests that erupted following the 2016 presidential elections.

This study was funded by the US Army Research Laboratory which concluded that post-elections protests could have been predicted by analyzing millions of American citizens’ Twitter posts. Basically, by monitoring everything, they believe they can forecast civil unrest based upon information activity bursts in social media. This is why the government is now engaged in extensive real-time monitoring of American citizens’ social media.

This approach, while appearing logical, only is capable of tracking the final outrage. It lacks the ability to actually forecast civil unrest which emerges from economic conditions. Even the Black Lives Matter movement grew BECAUSE of the lockdowns where people lost their jobs. There have been plenty of black men killed wrongly by police. Remember Ferguson? The sustainability of this movement has been directly enabled by rising unemployment. Suddenly, people were off work and were available to join the protests.

Sep 1 2020

If You Want to See A Police State – Look At Australia


Armstrong Economics Blog/Australia & Oceania

Re-Posted Sep 1, 2020 by Martin Armstrong

I loved Melbourne (Melbin as they pronounce it) and flew there often to meet with mining companies and business leaders. The city with its trams and unique way of driving was always a delight. Now, it is very clear, I will never see that city again. The Police in Melbin are simply supporting the government and appear to be enjoying their new power to run Australia as if it were East Germany behind the Berlin Wall. The oppression of the people in Melbin is truly a violation of human rights. The very same actions have been used as the justification to invade dictators in the Middle East. The police outright attack people and are now arresting people who dare take a walk and give them a full dose of pepper spray. They have even locked up people who simply gave another a hug. The government has stated that wearing masks may be a permanent change to daily life for years to come. This is the overthrow of democracy and the only way these politicians will retain power is to suspend elections.

There have been serious economic impacts caused by these drastic lockdowns in Melbourne which are even affecting people emotionally. Groups are now forming in the western suburbs where people are walking en masse in Guy Fawkes masks. They are planning a protest for the 5th September, which they are calling it Freedom Day. The police are saying if you attend you will have no freedom. It is shocking how the police in Melbourne seems so grateful to be able to act with impunity to do just about anything to people.
Aug 31 2020

Germany & The Far-Left Press Called them All Far-Right Radicals


Armstrong Economics Blog/Germany

Re-Posted Aug 31, 2020 by Martin Armstrong

 

COMMENT: Dear Marty,

I wrote the below report today From Germany, to my children in Canada and US.

Re: Berlin Demonstration 29.08. 2020,

Quote I am just recovering from a late night and most of yesterday afternoon viewing of many hours of life coverage of what has happened in Berlin. Police, whilst restraint, (not with it whole heartedly) but following orders from above, acted clearly on orders from Chief of Police, which were against the law. Several of the life reporting had their feeds cut midstream. Came back hours later). 95-98 percent of the attendees were peaceful. Only 2-5% had possible alternate motives and represented undesired groups. SICKENING, the Government, mainstream media and police yesterday and today played down drastically the attendees characters, motives, misrepresented their intentions, grossly(on purpose) underestimated the attendees at only 38,000. In reality at least 300,000 had congregated in Berlin for the totally legal, twice court approved, registered demonstration.

The Police had actually blocked all feeder roads and modes of transport to the main event area. Since the police had blocked the access roads there was a pileup of people pushed through inflow from the back. This was used by Police as excuse to shut down the demonstration parade, since ?distancing? was not observed. (If distancing, apparently no masks stipulated)

At the main event at the SIEGES SAEULE distancing was observed, but despite, Police illegally started to shut down the event of people sitting peacefully on the ground from around 23:00 hours. The so called “storming” of parliament was perhaps 7 (seven) people sitting on the steps of parliament “Reichstag” and yes, in the crowd one could see about 2-3 Reich’s Flags.

The incident at the Russian Embassy was similar. About 20 to 30 people shouted abuses at the police and perhaps 6-8 bottles were thrown. There were perhaps 3 Reich’s Flags. So perhaps 100 of the crowds at the Russian Embassy were of those perhaps radical supporters.

All the media is reporting and Government announces is those two events. The rest are described as a mob, COVID-19 deniers. (No one is or was denying), they just want answers to this gross miss manipulation of figures, panic enticing Government propaganda and unnecessary extremely excessive lock downs. And of course describing the demonstrators as conspiracy theorists.

It’s a great shame what is happening!!

I am sure there will be an aftermath, if not now, at the next federal election 2021 there will be huge vote swings. Unquote

Best regards

E

REPLY: It is very clear that the media is now the real conspirators against the people. They refuse to simply publish the truth. They are helping to create a Socialist World exactly as they did reporting so positive of the Russian Revolution. Stalin stole all the food from Ukraine killing 7 million people to pretend that Communism was a success. Papers like the New York Times cheered that Communism was the way of the future.

 

Aug 31 2020

Storming the Reichstag – Another False Flag by the Government?


Armstrong Economics Blog/Germany

Re-Posted Aug 31, 2020 by Martin Armstrong

QUESTION: Hi Mr. Armstrong,
I followed the Berlin protest and was so happy that people are finally waking up, however, today, the whole mainstream media narrative in Germany is….
“Anger after (whatever group) tried to storm the Reichstag building!”
And that is all they bring on every news channel. I never watch mainstream media, but even radio, every 30 minutes they have to talk about a the people who tried to storm the Reichstag.
Are people that stupid?
If the mainstream media wanted to smear mother Teresa, they would plant someone to push her, harass or threaten or whatever and with cameras ready, film her angry or scared reaction and push the narrative that she is a monster. Without a doubt it would work.
They are focussing on one aspect of the demonstrations in Berlin and painting everyone with the same brush. Right wing nuts who want to take over the government.
Like they did in March when it was more known what Bill Gates is up to.
The media here in Germany had a smear campaign and laughed about how absurd it was…the tactic was to say, in a condescending way, “yes these crazy conspiracy theorist somehow believe that …
1. Bill Gates wants to depopulate the planet
2. Was banned for experiments in India
3. Wants us all chipped (the above 3 are true)
4. And THEY believe he is a reptile (which is so stupid no one would believe it)!
AND with that they smear 3 facts with an outrageous bogus statement and it automatically takes away the any validity of the 3 truthful facts.
The press and mainstream media truly are the enemy of the people.
It is so annoying to see and so many people are so easily fooled.
Is it really that easy to fool the masses? We will be herded and chipped and digital money will happen. I lose so much faith when I see what they pump out on mainstream propaganda channels worldwide.
Do people not think for themselves anymore? The lies seem and misinformation seem so obvious and almost expected!

R

ANSWER: The few people that stormed the Reichstag were most likely hired to do so in order to discredit the entire movement. It was less than 100 people out of hundreds of thousands. This is a standard operating procedure. The government creates that story and then they are on the phone to the press who only report that to discourage others from ever joining a march. The press is in on this and they are doing everything in their power to subjugate the people. This type of movement ends only in bloodshed.

Let us not forget that what happened in Germany on February 27, 1933, was another attempt by the government to justify suppressing the people. They argued that a sizeable portion of the parliamentary building in Berlin, the Reichstag, went up in flames from an arson attack by Communists. This justified the entire Nazi movement. It was staged as this one smells exactly the same. There were so few people involved in this incident that they were probably hired.

In the United States, pallets of bricks were being bought and delivered around cities by Acme Brick Company, which was bought in 2000 by Warren Buffet’s Berkshire Hathaway. Perhaps that is a coincidence and many blamed Buffet because he is in league with Gates and was part of his secret meeting to reduce the population of the world. Perhaps Buffet wishes he were an Egyptian Pharoh who when he died, everyone else in his court was killed to assist him in the journey for the afterlife. Perhaps he wants to reduce the population sho he too has some company given he is now 90 years old. But there is no question the bricks came from Buffets’ company.

The fact that someone was buying all these bricks to assist rioting and looting is clear evidence that someone is funding these riots and they are not simply people on the street. Nobody will dare investigate because the source is obviously political. Snopes, the pretend left-wing fact-checker, claimed this was “mostly false” because “It is possible that protesters themselves could have strategically placed bricks in easily accessible spots to facilitate causing property damage, though no evidence proved that was indeed occurring.” Who is paying for all these bricks? It seems this would have been a very easy thing to investigate – subpoena their sales records at Acme. Instead, they only denied that Buffet or Gates instructed them to deliver the bricks.

“Acme Brick Company is in the business of building, not destroying,” the group said, adding that it “has not done, and will not do, anything to intentionally promote violence.”

“Neither Warren Buffett, Bill Gates, nor anyone else at Berkshire Hathaway directed us to position brick for an unlawful purpose,” Acme added.

Notice what they are doing for they only denied Buffets or Gates while protecting the buyer. The press calls everyone accusing Acme are conspiracy nuts. Nevertheless, they avoided just answering the question. Who paid for the bricks? It is highly doubtful that anything would trace to Buffett or Gates. They are not that stupid to allow a trail. So who paid for the bricks?

If we ever really had honest investigations, we will find out that this storming of the Reichstag and the buying of these bricks will all trace to those seeking to gain political power.

Aug 31 2020

Fundamentals & Confidence – Which is More Important in Markets?


Armstrong Economics Blog/Basic Concepts

Re-Posted Aug 30, 2020 by Martin Armstrong

QUESTION: Mr. Armstrong, You have said that fundamentals really mean nothing because the market runs on confidence. What about the fundamentals during the 2008 crash? Didn’t the bankruptcy of Lehman Brothers send the market down and then it was supported by TARP and the central banks?

Thank you;

GD

ANSWER: The entire economy is built upon CONFIDENCE and then that moves in ANTICIPATION of events which often may never even take place. Here is a chart of the Crash of 2008. You can easily see that the bankruptcy of Lehman was not really that devastating. Then you look at when the government passed TARP on October 3rd, 2008. The Dow fell from over 10,000 to mid 7000 levels in 5 days after TARP.  It consolidated briefly but continued lower into the week 0of March 2nd, 2009. Obviously, the market continued to collapse as CONFIDENCE declined and there was NO INDICATION that the government intervention ever worked including the monetization by the Fed.

I have made it very clear that LOWERING interest rates has NEVER saved the day. The $700 billion they handed banks saved the banks, but they NEVER lent the money out. They lacked the CONFIDENCE that the crisis would end soon so they would not lend money and simultaneously people are NOT going to borrow to “stimulate” the economy when they too fear the future is just unknown. These theories are made up by academics who have NEVER traded in their lives. It is impossible to understand these concepts without hands-on experience.

This is what Socrates writes for each day during the crash. You have to approach this objectively. There are more than 70 independent models correlating together to produce these results. Then everything must be looked at also from an international perspective. Internationally, Lehman had more of a bearish impact whereas TARP was seen as more positive internationally. What a difference currency makes.

Friday October 3, 2008

The Dow Jones Industrials made a new low penetrating the previous session’s low and then closed below that level plunging significantly again by 4.75% which strongly suggests we are entering a potential crash mode position. A break of today’s low of 1031025 during the next trading session will warn of a potentially serious decline ahead especially if it closes below today’s low again. The last important high was formed on Monday August 11th at trading days ago. Our projected support for tomorrow lies at 1018098 and a break of that level can set in motion a panic to the downside. Hence, pay close attention at this time.

We did close above the previous session’s Intraday Crash Mode technical support indicator which was 997310 settling at 1048285. The current crash mode support for this session was 999652 which we still closed above implying the market is holding for now. The Intraday Crash indicator for the next session will be 1002412. Now we have been holding above this indicator in the current trading session, and it resides lower for the next session. If the market opens above this number and holds above it intraday, then we are consolidating. Prevailing above this session’s low will be important to indicate the market is in fact holding. The Secondary Intraday Crash Mode technical support lies at 943412 which we are trading above at this time. A breach of this level with a closing below will signal a sharp decline is possible.

Intraday Projected Crash Mode Points

Today……            999652

Previous…          997310

Tomorrow…       1002412

This market has declined for 2 trading days which has been a sharp decline of 5.25%. However, we have not elected any bearish Reversals to date from the high of Wed. 1st.

The Uptrend Line from the last low created at 1036545 tied to the secondary low made on 10/02 remains as resistance standing at 1046421. Only getting above this level on a sustained closing basis will signal a rally to the upside.

Currently, the market remains quite bearish below all our system support indicators with resistance starting at 1037142. The broader cyclical system indicators are also in a bearish position while the long-term trend and cyclical strength are bearish. This market has technically been trading beneath our projected envelope of support at 1050088 warning this decline has been rather reasonable down 10% from the high made 09/19. We have elected all four Bearish Reversals from that high showing weakness.

 

Monday October 6, 2008

The Dow Jones Industrials made a new low penetrating the previous session’s low and then closed below that level collapsing substantially again by 11% warning this market is entering a Panic Sell-Off. Penetrating today’s low 952532 and closing beneath it will tend to confirm that warning. The projected support for the next session lies at 907292. Penetrating this level intraday would warn of a panic to the downside becomes possible which strongly suggests we are entering a potential crash mode position. A break of today’s low of 952532 during the next trading session will warn of a potentially serious decline ahead especially if it closes below today’s low again. The last important high was formed on Monday August 11th at trading days ago.

Our projected support for tomorrow lies at 935730 and a break of that level can set in motion a panic to the downside. Hence, pay close attention at this time.

We did close above the previous session’s Intraday Crash Mode technical support indicator which was 999652 settling at 1032538. The current crash mode support for this session was 1002412 which we penetrated intraday and closed below warning this market is in a panic type sell-off. The Intraday Crash indicator for the next session will be 907292. Normally, when you open back above this pivot number or closed back above it then the sell-off is subsiding. So, watch this number which is dynamic for it changes with each session.

Intraday Projected Crash Mode Points

Today……            1002412

Previous…          999652

Tomorrow…       907292

This market has declined for 3 trading days which has been a sharp decline of 12%. However, the overall decline has been more pronounced falling for 11 trading days. In the process, we have elected all four Daily Bearish Reversals from the high of 09/19.

Our projected pivot point remains as resistance standing at 1029645. Only getting above this level on a sustained closing basis will signal a rally to the upside.

As of now, the market remains quite bearish below all our system support indicators with resistance starting at 1036545. The broader cyclical system indicators are also in a bearish position while the long-term trend and cyclical strength are bearish. This market has technically been trading beneath our projected envelope of support at 1045207 warning this decline has been rather a spectacular crash down where emotions run high 17% from the high made 09/19. We have elected all four Bearish Reversals from that high showing weakness.

 

Tuesday October 7, 2008

The Dow Jones Industrials made a new low penetrating the previous session’s low and then closed below that level plunging significantly again by 8.58% which strongly suggests we are entering a potential crash mode position. A break of today’s low of 943667 during the next trading session will warn of a potentially serious decline ahead especially if it closes below today’s low again. The last important high was formed on Monday August 11th at 1186711 which was 41 trading days ago. Our projected support for tomorrow lies at 928188 and a break of that level can set in motion a continued panic to the downside where extreme support lies at 907521. Hence, pay close attention at this time.

We did close below the previous session’s Intraday Crash Mode technical support indicator at 1002412 settling at 995550 which alerted us to a further decline was likely going into the instant session. The immediate crash mode support for this current session was 907292 which we have now closed back above suggesting the crash is subsiding. The Intraday Crash indicator for the next session will be 907521. Now since we closed back above this indicator in the current trading session, then holding above this indicator for the next session will imply the decline is subsiding. The Secondary Intraday Crash Mode technical support lies at 906159 which we are trading above at this time. A breach of this level with a closing below will signal a sharp decline is possible.

Intraday Projected Crash Mode Points

Today……            907292

Previous…          1002412

Tomorrow…       907521

 

This market has declined for 4 trading days since the last high established at 1088252 from which we have witnessed a decline of 13%. However, the overall decline has been more pronounced falling for 12 trading days which has been a decline of 17%.

Granted, this decline has penetrated the previous key cycle low established at 1045944 and it is sharply lower by 18% from the last high made 09/19. Most importantly, this market entered Crash Mode 3 days ago. This type of pattern warns we are in the throes of a near-term correction which is rather serious at this moment.

Interestingly, this market has fallen down for 5 days from highest close closed below the previous low warning that the market is still vulnerable. The next projected target support lies at 990658 and we have already broken below two extreme projected technical support levels. Naturally, any short position should include a protective intraday stop above the previous high for now.

 

Wednesday October 8, 2008

The Dow Jones Industrials made a new low penetrating the previous session’s low and then closed below that level plunging significantly in panic mode for the fifth consecutive time by 9.17%. This does warn that this market is in crash mode position right now. A break of today’s low of 919478 during the next trading session will warn of a potentially serious decline ahead especially if it closes below today’s low again. The last important high was formed on Monday August 11th at 1186711 which was 42 trading days ago. Our projected support for tomorrow lies at 902755 and a break of that level can set in motion a continued panic to the downside where extreme support lies at 885724. Hence, pay close attention at this time.

We did close above the previous session’s Intraday Crash Mode technical support indicator which was 907292 settling at 944711. The current Crash Mode support for this session was 907521 which we closed above at this time. The Intraday Crash indicator for the next session will be 885724. Up to now, the market has been holding above this Crash Mode indicator in the current trading session, but it is still declining sharply. Granted, it is also moving lower for the next session. A consolidation would only be suggested by opening above this target, and holding this session’s low of 919478 intraday. However, a break of this session’s low followed by a closing below this level as well will warn that a continued sharp decline is still in motion.

Intraday Projected Crash Mode Points

Today……            907521

Previous…          907292

Tomorrow…       885724

This market has declined for 5 trading days since the last high established at 1088252 from which we have witnessed a decline of 15% qualifying this as a correction. However, the overall decline has been more pronounced falling for 13 trading days which has been a decline of 19%.

Granted, this decline has penetrated the previous key cycle low established at 1045944 and it is sharply lower by 20% from the last high made 09/19. Most importantly, this market entered Crash Mode 4 days ago. This type of pattern warns we are in the throes of a near-term correction which is rather serious at this moment.

Interestingly, this market has fallen down for 6 days from highest close closed below the previous low warning that the market is still vulnerable. The next projected target support lies at 966672 and we have already broken below one extreme projected technical support level. Naturally, any short position should include a protective intraday stop above the previous high for now.

Factually, the market remains quite bearish below all our system support indicators with resistance starting at 1031025. The broader cyclical system indicators are also in a bearish position while the long-term trend and cyclical strength are bearish. This market is also trading mostly below the bank of eight moving average indicators suggesting it remains in a mixed posture for now.

This market has technically been trading beneath our projected envelope of support at 1017578 warning this decline has been rather a spectacular crash down where emotions run high 19% from the high made 09/19. We have elected all four Bearish Reversals from that high showing weakness.

 

Thursday October 9, 2008

The Dow Jones Industrials made a new low penetrating the previous session’s low and then closed below that level collapsing substantially for the sixth consecutive time by 10% warning this market remains in a Panic Sell-Off. Penetrating today’s low 857919 and closing beneath it will tend to confirm that warning. Our extreme projected underlying support for tomorrow lies at 799800. This market has immediately declined for 6 trading days. This does warn that this market is in crash mode position right now. A break of today’s low of 857919 during the next trading session will warn of a potentially serious decline ahead especially if it closes below today’s low again. The last important high was formed on Monday August 11th at 1186711 which was 43 trading days ago.

Our projected support for tomorrow lies at 835591 and a break of that level can set in motion a continued panic to the downside where extreme support lies at 819531. Hence, pay close attention at this time.

We did close above the previous session’s Intraday Crash Mode technical support indicator which was 907521 settling at 925810. The current Crash Mode support for this session was 885724 which we penetrated intraday and closed below warning this market is in a panic type sell-off. The Intraday Crash indicator for the next session will be 819531. Normally, when you open back above this pivot number or closed back above it then the sell-off is subsiding. So, watch this number which is dynamic for it changes with each session.

Intraday Projected Crash Mode Points

Today……            885724

Previous…          907521

Tomorrow…       819531

This market has declined for 6 trading days since the last high established at 1088252 from which we have witnessed a decline of 21% qualifying this as a correction. However, the overall decline has been more pronounced falling for 14 trading days which has been a decline of 25%.

Granted, this decline has penetrated the previous key cycle low established at 1045944 and it is sharply lower by 26% from the last high made 09/19. This type of pattern warns we are in the throes of a near-term correction which is rather serious at this moment.

Interestingly, this market has dropped for several days and closed below the previous low warning that the market is still vulnerable. The projected extreme target support for tomorrow lies at 799800 which needs to hold on a closing basis to imply a bounce can form thereafter.

Up to now, the market remains quite bearish below all our system support indicators with resistance starting at 952532. The broader cyclical system indicators are also in a bearish position while the long-term trend and cyclical strength are bearish. This market is also trading mostly below the bank of eight moving average indicators suggesting it remains in a mixed posture for now.

This market has technically been trading beneath our projected envelope of support at 999397 warning this decline has been rather a spectacular crash down where emotions run high 25% from the high made 09/19. We have elected all four Bearish Reversals from that high showing weakness.

 

Friday October 10, 2008

The Dow Jones Industrials made a new low penetrating the previous session’s low after opening below it and then closed below that level collapsing substantially for the seventh consecutive time by 27% warning this market has been in a Panic Sell-Off after 7 days down. It is possible that we may have a temporary low forming. The extreme projected underlying support for today was 799800 which today’s action did penetrate intraday but we closed above that at the end of the session. Our extreme projected underlying support for tomorrow lies at 713534.

Indeed, this market has declined sharply bringing to bear the full scope of emotions in such declines. We need a higher open and a break above today’s high of 890128 while holding today’s low of 788251 to suggest a bounce is in order.

The Projected Breakout Resistance indicator resides at 865254 which we are already exceeded intraday but the market closed below it as of this session’s closing at 845119 Still, this typically implies that this market will rally to test overhead resistance if we exceed that level again intraday.

Intraday Projected Breakout Resistance

Today……            923667

Previous…          941209

Tomorrow…       865254

Clearly, this market has been in crash mode position up to now. A break of today’s low of 788251 during the next trading session will warn of a potentially serious decline ahead especially if it closes below today’s low again. The last important high was formed on Monday August 11th at 1186711 which was 44 trading days ago.

Our projected support for tomorrow lies at 760663 and a break of that level can set in motion a continued panic to the downside where extreme support lies at 745394. Hence, pay close attention at this time.

We did close below the previous session’s Intraday Crash Mode technical support indicator at 885724 settling at 857919 which alerted us to a further decline was likely going into the instant session. The immediate Crash Mode support for this current session was 819531 which we have now closed back above suggesting the crash is subsiding. The Intraday Crash indicator for the next session will be 745394. Now since we closed back above this indicator in the current trading session, then holding above this indicator for the next session will imply the decline is subsiding.

Intraday Projected Crash Mode Points

Today……            819531

Previous…          885724

Tomorrow…       745394

 

This market has declined for 7 trading days since the last high established at 1088252 from which we have witnessed a decline of 27% qualifying this as a correction. However, the overall decline has been more pronounced falling for 15 trading days which has been a decline of 31%.

Granted, this decline has penetrated the previous key cycle low established at 1045944 and it is sharply lower by 32% from the last high made 09/19. This type of pattern warns we are in the throes of a near-term correction which is rather serious at this moment.

Interestingly, this market has dropped for several days and closed below the previous low warning that the market is still vulnerable. The projected extreme target support for tomorrow lies at 713534 which needs to hold on a closing basis to imply a bounce can form thereafter.

Presently, the market remains quite bearish below all our system support indicators with resistance starting at 943667. The broader cyclical system indicators are also in a bearish position while the long-term trend and cyclical strength are bearish. This market is also trading mostly below the bank of eight moving average indicators suggesting it remains in a mixed posture for now.

This market has technically been trading beneath our projected envelope of support at 981467 warning this decline has been rather a spectacular crash down 31% from the high made 09/19. We have elected all four Bearish Reversals from that high showing weakness. We have not elected any Bullish Reversals from this low today.

Aug 31 2020

Kennedy’s Speech in Berlin


Armstrongs Economics Blog/Civil Unrest

Re-Posted Aug 30, 2020 by Martin Armstrong