Wednesday, August 9, 2017

August 9, 2017 Update

One of my subs (Robert G.V. thx!) sent this link to Armstrong's Newsletter Alert this morning on war cycles:

https://www.armstrongeconomics.com/world-news/war/north-korea-beware-august-2017/
This would fit with a meltdown on Monday like I was thinking. This coming move could rival the August 18-24, 2015 meltdown (that was blamed on China).  % wise, we need to see 2456 SPX today at some point in order to be in alignment.  The SPX is oversold in the short term and needs to make a bear flag, so some sideways movement is expected.
IF we fall 11.2% (top to bottom) like we did in August 2015, that would target the 2211/12 area.  To me, that would say that this would be (X) of "B" with (Y) and (Z) yet to come into early next year with the final "C" of intermediate wave Y (of primary wave 4)  yet to come into August 2018 where the McClellan noted oil peak of 2008 + 10 years predicts a stock market top.