Dow Array Still on Track
Thursday, January 7, 2016 22:00
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by Martin Armstrong
Armstrong Economics
QUESTION: Marty; At the conference you stated that 2016 should be the major turning point in deflation. Do you still see this concluding for the first quarter? Thanks. HG
ANSWER: The monthly array in the Dow published here back in July appears to be working on target. November was the reaction high where the Dow reached 1721043 intraday. It picked the May high for 2015 correctly and we still have the first quarter as the main target to pay attention. Not much has changed. Socrates warned that if we closed lower at year-end 2015 then we would see a correction.
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