Did Martin Armstrong Call The Current Market Slide? Will Obama Be Impeached Next August?

What is interesting to me is not that he predicted the exact tops or bottoms, but that he got the turns correct, such as in March 2009 he has a bounce top, but it was actually the bear market bottom.

Economy Turning Down

We should see the Dow drop into next week. The ideal target will be Monday. Support is 148250 and 14805. The next area will be 14450. We should start to see volatility rise the last wee of August into the first week of September.

If the above chart is correct, President Obama may find himself impeached next August.