The New CS Board

[dindindon]

The Euro – a Doomed Currency? (Gold-in-sync?)

FYI Read At Your Own Peril, Waiting for Godot?

March 6, 2015 Posted by Martin Armstrong

An excerpt:

We have a PERFECT DOUBLE MONTHLY BEARISH REVERSAL at 10765. The next one after that drops down to 98. Our long-term clients know what this means and how hard it is to achieve this type of indicator on our model.

Here is the famous GAP in the reversals that highlighted the 1987 and 1989 Crash events. There was a set of PERFECT DOUBLE WEEKLY BEARISH REVERSALS in the S&P500 back in 1987. At that World Economic Conference we held in Princeton that weekend, it was rather spectacular.

The sheer fact we have such a PERFECT set on the Monthly Level is a very ominous sign of what will happen with a monthly closing beneath 10765 of the Euro. The sheer fact that computer generated these numbers is extremely important. It will dictate the fate of what lies ahead.

Text in full:
http://armstrongeconomics.com/2015/03/06/the-euro-a-doomed-currency/

FYI Read At Your Own Peril

An “Extended read” (via a mail that made a link to the above quote)

If this level was triggered on Tuesday March 31st in just over 3 weeks time then the following days into the week ending Friday 3rd April will see EXTREME volatility to the upside in the USDX and downward in GOLD similar to what the equities saw in October 1987 as the EUR crashes.