Mallett Share Discussion Threads

[11_percent] 08/5/2020 10:51

i guess you would need the highest level of membership access to interpret markets effectively.

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From what I understand, the guys and funds with the highest level, follow the computer....they do not interpret the market for themselves......they are given buy and sell signals.

[11_percent] 08/5/2020 10:48

Hi atlantic,

Just logged in to see that you have posted.

RDSB
Have not been following it.....will go and have a look.

Yes, the predictions keep changing.


Terminology.
Yes, I am also having difficulty with this.

Reversals seem to the important things in the system.

I think they are just particular numbers. Jesse Livermore called them "pivot points".

If the price (sp, commodity, etc) goes to that number, then it will continue, up or down.

MA is saying there is a bullish reversal (ie going up) in the DOW. It is over 26,000. The DOW has further to fall because it not elect (that is, it not go up to)
this reversal (point) - so will fall.

We don't know where these reversals are, they are "decided on" by the computer.....from pattern recognition.

[atlantic57] 29/4/2020 08:21

I have great respect for Martins work and his guidance has proved to be light years ahead of various talking heads.

However i struggle to understand the terminology he uses in his trend analysis.

global market watch

if anyone can help i would appreciate it.

[atlantic57] 28/4/2020 07:15

11 % ON RDSB he seems to be saying that short term things are bullish longer term not so good.

On the other hand Socrates is constantly adjusting forecasts to reflect changing conditions.

i guess you would need the highest level of membership access to interpret markets effectively.

[11_percent] 09/4/2020 07:14

Well, that did not work, closed the US index shorts for small loss.

Weekly level. Now saying moving higher.

[11_percent] 08/4/2020 14:24

I have taken a small short on the US indices, using the EFTs, QQQS and 2USS. Will add
if/when we go down.

He said = If we exceed 22,595 – then we have a high for the week- so expect a further decline.

So, am short on that basis, that we are at the high, and he said to Monday and Thursday this week...….so, Monday was an up, am hoping Thursday will be it going down.

Not sure, if the DOW goes down to 17,000, then my feeling is oil is decoupled from the DOW and will go with the price of oil.
Gold, will they need to sell to raise cash in a falling market...don't know.


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GOLD

I have -

Silver
Went over the 18.30 – 18.60 zone. Hit back down.
16.50 – 17.00 is a buy.


GOLD Sat 14/03/20 = 1530 (having been at 1504 intraday)
Must hold 1445
09/03/20 rallied above the upper channel line which was at 1703, it went to 1704.
Gold was above 2 bullish monthly reversals in Feb – crashed below them for close to avoid them. A sustained breakout would have been confirmed by electing them and closing above them intraday.
Directional change of week 09/03/20, and a turning point week 23/03. We got that (09/03).
Next key turning / change is w/c 23/03.
As long as gold holds above 1445 on a monthly basis – is new highs in May.
Keep in mind – 1699 is important resistance.

15/03/2020 Hedge funds were selling gold to raise cash, for their failed Treasury ploy.
Broader Technical resistance at 1631,
Change in trend May, need to close above 1691, (monthly basis) to advance.
Critical support at 1446, monthly, a close below, is a fall.
Trend up for 18 months, all indicators are bullish on the monthly.
Buy signal generated.

26/03/20 Gold & the benchmark.
This week was the gold benchmark – did not penetrate last weeks low.
Appears to be making new highs on the benchmark.
The next convergence between gold and silver does not happen till June 2021. This looks like the extreme of the Monetary Crisis Cycle.
TA resistance is at 1633 (closing).
1692 – need to close over this (Friday 27/03) to advance further.
Week of April 20th, next major target in time (for what? – a high?)
Tues 31/03.20 Close of Q1
Need a close above 1617 today (31/03) to maintain neutral / bullish position.
A close below that warns that it is not just yet time for a breakout.
Closed under 1617.


Out of all that, I take, it held 1445, so is not going down, big time.....and will make new highs into May.
Still have resistance at 1700.

In the mean time, "Week of April 20th, next major target in time" (for what? – a high, or just going up).


Anyway, I like PMs, and am long both gold and silver.

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OIL

Am out, waiting for the OPEC++ meeting tomorrow.

[georgethefourth] 08/4/2020 11:17

Armstrong mentioned a Dow close of 22900 as being resistance so I suppose anything above this is a good place to go short. If he's right and we do see new lows I can't see anything coming out of the drop unscathed. Surely even oil and gold as margin calls force liquidations again.

I'm curious about your reading of gold. From what I've read about his views on gold he thinks the short term top is in surely? He mentioned the possibility of a May high at around 1750, but then looked at a drop to the 1300s

[11_percent] 07/4/2020 22:03

Hi George,

If we exceed 22,595 – then we have a high for the week- so expect a further decline.

We exceeded 22,595 - at 23,537, so I am guessing that could be the high for the week.
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Watch for Monday 06/04 and Thursday 09/04.

Monday was big up. Lets see what Thursday does.

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Don't know if I should go short the S&P tomorrow (Wed) or wait for Thursday.....guess I should have time if it is going to 17,000.

I short the S&P and Nasdaq as opposed to the DOW, but use the DOW as the guide.


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OIL
Will wait for Thursday, for the OPEC++ meeting.

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GOLD - should make new highs.

[georgethefourth] 06/4/2020 11:26

Just seen this thread. Looks good. Re the Dow, it looks more likely for us to take out 22595 this week and then have a more prolonged drop into the end of the month, setting us up for the slingshot move. If so, I wonder if gold/silver and oil will also sell off with it. Also interesting is the potential moves of the oil companies. They're looking strong the last few days. If the Dow spikes up they'll no doubt continue up, but what happens once the Dow starts dropping, especially if the opec deal holds

[11_percent] 06/4/2020 10:32

DOW

Update - just about covers all possibilities - lol.

Mon 06/04/20
This week is target for turning point, a high, rather than a low.
If it is a high, then decline into end of month.
If DOW stays under 24,600, then DOW wont rally.
We still see the low may form at 17,000 – or even the mid 15,000s.
WEC in October, looking for 20% fall, major panics take market down 50% = mid 15,000s.
Watch for Monday 06/04 and Thursday 09/04.
If we exceed 22,595 – then we have a high for the week- so expect a further decline.
A break below 19,157 – potential for new low. A low this week would produce a bounce into end of month.

[11_percent] 29/3/2020 15:48

GeorgeIV,

Do you mind if I answer your question here.

[11_percent] 17/3/2020 21:13

17/03/2020 S&P and DOW divergence.
S&P points to a low today (17/03/20) while the DOW a low close yesterday (16/03/2020).
If the DOW closes higher today (17th) than yesterday (16th) – a bounce is likely. (Does not how big/long) – it did happen.
Expect a bounce tomorrow (18th). - (Does not how big/long).

[11_percent] 14/3/2020 11:51

DOW

Please not, this is written without access to the Por Level.

13/03/20 (Week close)DOW = 23,185

We are at first target = 21600.
With resistance at 21243 - 21304...….a close below this will means a further fall to 19000 area.

#The DOW went to the initial target and into resistance, and held.#

Possibility of a bounce into Monday, but that could result in a further drop into the first week of April.

#The bounce on Friday did happen, and goes into Monday. He does not say if Monday is a high, although, he said on Friday that the "bounce target" and DOW close on Friday was exceeded. This tends to imply that Friday was a closing high (daily)...don't know.
However, we are now looking at a drop into the first week of April.

[11_percent] 13/3/2020 12:54

US $ Strength.

I am using Euro/$ index to trade the capital flows into the US$.
Using SEU3, which is 3x short Euro, long $.

My thinking is that the Euro may fail, so this one of the best Forex pairs to play the $ strength (capital flows). However, keep in mind the intension of the ECB to go to digital money.

[11_percent] 13/3/2020 12:46

GOLD

GOLD 12/03/20 = 1578
09/03/20 rallied above the upper channel line which was at 1703, it went to 1704.
Gold was above 2 bullish monthly reversals in Feb – crashed below them for close to avoid them. A sustained breakout would have been confirmed by electing them and closing above them intraday.
Directional change of week 09/03/20, and a turning point week 23/03. We got that.
Next key turning / change is w/c 23/03.
As long as gold holds above 1445 on a monthly basis – is new highs in May.
Keep in mind – 1699 is important resistance.

[11_percent] 13/3/2020 12:45

US MARKETS

12/03/20 – close DOW = 21,200
We are at first target = 21600.
With resistance at 21243 - 21304...….a close below this will means a further fall to 19000 area.
Possibility of a bounce into Monday (16/03/20), but that could result in a further drop into the first week of April.

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Looks to be working out.

[11_percent] 13/3/2020 12:42

This is a bill board to discuss political economics and markets in general and the blogs of Martin Armstrong in particular.

The aim is to make money from the equity, bond, forex, commodity, etc, markets.

If you have a point to make, please make it but do not keep repeating it.


Link to ArmstrongEconomics website. The free blogs are available here.

[spob] 11/2/2015 07:16

Received my Mallet takeover funds today


This was because I refused to accept the pathetic offer

My shares were compulsorily purshased on Dec 25 2014 and funds distributed six weeks thereafter


29 Sept 14 offer announced

20 Oct 14 declared unconditional (75% acceptance)

3 Nov 14 offer closed and first funds distributed

13 Nov 14 compulsory acquisition notice ( 90% acceptance)

18 Nov 14 shares delisted

25 Dec 14 remaining shares stolen

5 Feb 15 funds paid for stolen shares

10 Feb 15 Barclays stockbrokers credits my account


time between offer announcement and receiving compulsory purchase funds ... 19.5 weeks

[cockerhoop] 01/10/2014 09:06

I don't doubt that the SGI deal is by far the most likely scenario but PG and the other major holders wouldn't have bothered with the get out clause if it was a completely 'done deal'.

[longinthetooth] 01/10/2014 07:42

For anyone still in any doubt this deal is as good as done.There will be no increased offer from SG or anyone else.I suspect the deal was brokered by PG and that it was the best he could muster given the circumstances.If there was anyone out there who felt there was some hidden value they would have shown their hand long ago.Our capital will be far better invested elsewhere.

[whackford] 30/9/2014 11:29

Right. Look like I must read announcement in full.