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December 31, 2016 | S&P Stops 1 Point From our Projection Made January 2016

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

 

cshsp-y-1-28-2016

Congratulations Marty. We closed out the year less than one point away from your maximum (Tech 3) SPX 2016 target of 2239.8038 that your computer established on January 1st, 2016. That’s impressive. I never thought we’d see that number back in January or February, but fortunately your computer harbors no emotion and no bias! Keep up the great work and thanks for all you do.

Rob

REPLY: The S&P500 indeed closed in cash at 2238.83 one tick below our target resistance we published back on January 28th, 2016 at 2239.8038. The broader trends cannot be altered. It is like trying to make a u-turn in an aircraft carrier versus a speed boat. This does warn of caution for it was 7 years up in time.

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December 31st, 2016

Posted In: Armstrong Economics

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