Nobody seems to notice this time...

[Jewboo]

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/01-overflow/20160118_correct_0.jpg

[ximmy]

Armstrong thinks it might slingshot up... before it really crashes

http://www.armstrongeconomics.com/archives/41935

The Dow and 15940 Posted on January 15, 2016 (http://www.armstrongeconomics.com/archives/41935) by Martin Armstrong (http://www.armstrongeconomics.com/archives/author/romulusaugustuscaesar)
http://armstrongeconomics-wp.s3.amazonaws.com/2016/01/DJIND-W-1-14-2016.jpg (http://armstrongeconomics-wp.s3.amazonaws.com/2016/01/DJIND-W-1-14-2016.jpg)
The key level to watch today is 15940 for the close. This is our Weekly Bearish and if it holds for the closing, then we may see a bounce next week. We have Directional Changes every week now into the week of Feb. 8 and the week thereafter appears to be the main target.


http://www.armstrongeconomics.com/archives/41708


The Sling Shot Move — How Long Would it Last? Posted on January 10, 2016 (http://www.armstrongeconomics.com/archives/41708) by Martin Armstrong (http://www.armstrongeconomics.com/archives/author/romulusaugustuscaesar)
http://armstrongeconomics-wp.s3.amazonaws.com/2016/01/ECM-2015-20.jpg (http://armstrongeconomics-wp.s3.amazonaws.com/2016/01/ECM-2015-20.jpg)
QUESTION:
Hi Martin…can you explain more what you meant but what you said below?
Does this mean a long correction that will last thru out this year or longer? or will it just be thru march ..then bottom and head back up thru 2017..? Confused here…what is the …extension mean exactly? Is that an uptrend in the market until and beyond 2017?
If it cracks…how long will it crack downwards?
Thank you

Our Panic Cycles began to turn up this week moving into next week. If we penetrate last year’s low of 15370, then we may see a drop to retest the major support area in the 12875-13100 area. We should break the market FIRST and this appears to be setting up for the extension beyond 2017. A monthly closing below 16013 will signal that the market should crack and then we will be set up for a really wild rise.
http://armstrongeconomics-wp.s3.amazonaws.com/2016/01/1987-Sling-Shot.jpg (http://armstrongeconomics-wp.s3.amazonaws.com/2016/01/1987-Sling-Shot.jpg)
http://armstrongeconomics-wp.s3.amazonaws.com/2016/01/2007-Sling-Shot.jpg (http://armstrongeconomics-wp.s3.amazonaws.com/2016/01/2007-Sling-Shot.jpg)
ANSWER: No, this is a Slingshot move more akin to 1987 if we achieve it. A crash would be rather quick in the form of a Waterfall move. Therefore, we are unlikely to see a prolonged decline. It would tend to be short, sweet, and to the point. Everyone would bailout and that would be the fuel to send it back up, for they would not believe the result. Keep in mind this is NOT YET CONFIRMED. We need to elect a Monthly Bearish Reversal at the 16000 area to signal a move to the next zone in the 12900-13100 area on the extreme.

[Jewboo]

https://i.imgur.com/xPREVGF.jpg

Figured by the Depression era method, unemployment is 23%. Retail is still in retreat, railcar loadings are way down, including intermodal. Equities have fallen around 12%, forced selling and margin calls are in motion, and the VIX is percolating above 25. Oil dropped below 30, drillers and frackers are taking their meals at the Chateau de Salvation Army, the whole Chinese economy has cheerfully stepped off the ledge and the high seas are all but untroubled by commerce—the Baltic Dry Index fell under 400 for the first time. Ever. Oh, and the unwinding of enough debt for a whole nuther galaxy is under way...

http://www.woodpilereport.com/index.htm


:D nobody seems to notice this time

[ximmy]

:D nobody seems to notice this time


Silly Book... don't you know QE 4 will save us...


https://www.youtube.com/watch?v=9OuJzij2_HI

[Jewboo]

Silly Book... don't you know QE 4 will save us...




http://blogs.telegraph.co.uk/news/files/2011/03/jim-cramer-rexfeatures_558032d.jpg
"Cramer will be a terrific Treasury Secretary in my Administration. Terrific!"

:rolleyes:

[Jewboo]

http://i.imgur.com/tjfPTaR.jpg

Dow plunges more than 500 points as oil prices keep falling

Stock prices plunged again Wednesday, with the Dow Jones industrial average tumbling more than 500 points, as investors fretted over oil prices that dropped below $27 a barrel and weakening global economic growth.

The slide followed another sharp drop in stock markets around the world and extended a severe January pullback. The Dow Jones industrials had skidded 545 points, or 3.4%, to 15,471 in midsession trading. The blue-chip average has now lost 11.2% so far this month.

http://www.latimes.com/business/la-fi-financial-markets-20160120-story.html


http://static.moneysavingexpert.com/images/forum_smilies/sport-smiley-001.gif

[Neuro]

A closing below 15940 seems likely, although we've seen remarkable recovery today. Right now around 15860, 80 points left to recover...

Hard to tell though what he means will happen if the closing under 15940...

[mick silver]

Markets
Updated: 11:42:47am ET


Dow +1.00%
15,924.63 / +157.89 (http://money.cnn.com/data/markets/dow)
Nasdaq +0.63%
4,499.75 / +28.06 (http://money.cnn.com/data/markets/nasdaq)
S&P +0.85%
1,875.11 / +15.78 (http://money.cnn.com/data/markets/sandp)












Most Popular Stocks (http://money.cnn.com/data/hotstocks/index.html)

Kinder Morgan 14.04 +16.93% http://money.cnn.com/.element/ssi/data/8.0/mostpop_images/29872678.png (http://money.cnn.com/quote/quote.html?symb=KMI)
Freeport-McMoRan Inc 4.32 +6.14% (http://money.cnn.com/quote/quote.html?symb=FCX)
Chesapeake Energy 3.37 +1.49% (http://money.cnn.com/quote/quote.html?symb=CHK)
General Electric 28.73 +2.61% (http://money.cnn.com/quote/quote.html?symb=GE)
Starbucks 58.54 +2.85% (http://money.cnn.com/quote/quote.html?symb=SBUX)
Updated: 11:27:43am ET


World Markets (http://money.cnn.com/data/world_markets/americas)Japan Nikkei 225-2.43% 16,017.26 -389.24 (http://money.cnn.com/data/world_markets/nikkei225)
Hong Kong Hang Seng-1.70% 18,565.47 -315.38 (http://money.cnn.com/data/world_markets/hang_seng)

London FTSE 100+1.47% 5,757.01 +84.66 (http://money.cnn.com/data/world_markets/ftse100)
Germany DAX+2.03% 9,582.57 +194.81 (http://money.cnn.com/data/world_markets/dax)

Updated: 10:57am ET



Key Stats (http://money.cnn.com/data/dow30/)

10-year yield 2.00% +0.81% (http://money.cnn.com/data/bonds/index.html)
Oil $28.98 +2.22% (http://money.cnn.com/data/commodities/index.html)
Yen ¥117.33 +0.34 (http://money.cnn.com/data/currencies/index.html)
Euro $1.08 -0.62 (http://money.cnn.com/data/currencies/index.html)
Gold $1,093.60 -1.14% (http://money.cnn.com/data/commodities/index.html) Updated: 11:33am ET


Gainers (http://money.cnn.com/data/hotstocks/)

Kinder Morgan Inc +16.93% 14.04 (http://money.cnn.com/quote/quote.html?symb=KMI)
Range Resources Corp +11.01% 24.41 (http://money.cnn.com/quote/quote.html?symb=RRC)
CONSOL Energy Inc +12.82% 5.72 (http://money.cnn.com/quote/quote.html?symb=CNX)
Southwestern Energy Co +10.57% 8.16 (http://money.cnn.com/quote/quote.html?symb=SWN)
Devon Energy Corp +9.41% 23.62 (http://money.cnn.com/quote/quote.html?symb=DVN)