Talk Digital Network – Jim Goddard
04/06/16 – Stock Market Perpetuating 2000/2001 Mirror Image; Late-June 2016 = Next Cycle Low… Significant Decline Unlikely Until Later in 2016. Gold, Silver & Oil Poised to Enter New Bullish Phase by mid-April. Date of Aggression & Impending Brexit Could Exacerbate.
Jim delves into Eric’s contention that the 2015/2016 stock market would look very similar to 2000/2001 in the DJIA. Eric elaborates on that outlook and explains why he continues to expect a sequence of 2–3 month drops – often retesting & holding previous lows – followed by opposing 1–3 month rallies, routinely testing & holding previous highs… even as a stealth bear market is taking hold.
Eric discusses the unique parallels between the DJ Transports in 1999–2001 and 2014–2016… with the Transports already fulfilling more than half of the downside projections from 2015 – another factor reinforcing why 6–9 months of volatile congestion were/are likely to follow the late-Jan./early-Feb. 2016 lows in all the Indices.
He updates his outlook for key Indices to peak in April and then see a decline – on balance – into late-June – the convergence of a 5- and 10-month cycle that includes the late-Jan. ’16 & late-Aug. ’15 lows. Jim also asks about FANGs and their correlation to dot.com stocks. Eric focuses on the distinctions between the two but then discusses the parallels between the 2000 Election controversies versus similar ones in 2016… and also expounds on why Brexit could add to uncertainty.
Jim asks Eric about his Date of Aggression analysis – pinpointing the late-March–late-April time frame for an increase in attacks & aggressive behavior. Eric discusses the start of the Natural Year and how that spurs aggressive behavior, perpetuating what went on in Ancient Rome & the Middle East (when ‘kings went off to war’). He then reiterates his analysis surrounding April 19th and the many battles or attacks that have occurred around that date. Eric explains why March/April 2016 ushered in a tumultuous year that should see increasing attacks.
Jim then asks Eric about his outlook for Gold. Eric explains why Gold & Silver have been in an intermediate consolidation phase that should turn back up in April – with mid-April marking the time when the greatest synergy of cycles turn bullish. He adds that cycles are also projecting a secondary (higher) low in oil – around April 15–18th – after which another rally should unfold. This remains in the context of Eric’s overall outlook for Gold & Silver to see an initial surge into mid-2016 and then a much larger advance in 2017–2018.
https://www.youtube.com/watch?v=RuAI6Q4yqh4&nohtml5=False
