I was under the impression that highs/lows sync with the Reversals. So if a Reversal is elected, then the opposite move should be small. Because if they were price levels, then what would the point of the Reversals even be? This is also referring to one of his 'running out of time' trades, where, if the Reversal is not elected, then the price must turn all the way back. For example, If a Bullish Reversal is elected, then support moves up. Assuming support it holds, that price should be exceeded on the upside. Armstrong also said that the Dow elected the Bullish Reversal while the Nasdaq did not, reflecting capital flow change into large cap companies. After analyzing various companies, I bought some XLV and XLI ETFs today. They have recently outperformed, and I expect this trend to continue. We'll see.
His forecasts, as he admits, are not set in stone. He gives possibilities. Eg the peak can happen in either 2032 or 2022 (as far as I know). If X happens, then Y, but if not, then if A, then B. Who knows. A lot of what he says is like that. Even so, he has given specific forecasts (a close below X today means we will his support, closing even lower at Y means it will happen this week, etc.) Again, I cannot speak for him over the years, but he has specifically stated that going above the September high this month means new highs in November. So we need the Dow to make a high in November for him to be right.
In previous articles Armstrong says the 8.6 year US Share Market cycle last fell on 1st Oct 2017. 8.6 yrs after this date is Jan 28/29 2022. Could that be the high? Socrates sometimes outlines 2022 as an important date for the DOW.
Using his cycle calculation within that 8.6y period starting from 1 Oct 2017, the next TIME target for the US Share Market is next month 7 Nov 2018..also the 21/22 Nov 2018 is a peak date for the ECM (which is the economic confidence model for the whole world). Worth keeping an eye on 7 Nov 2018 perhaps?!