Ok, question, MA repeatedly states China will take over and become the financial capital of the world after 2032. How can this be, with the CCP in charge(communist) and their dual currencies system and not allowing people to take money out of the country, who in their right mind would put their money there to create this change? BTW, I never heard MA ever talk about China's dual currency system, I only found out two weeks or so ago, why the silence on this issue which is significant to anyone who considers putting money in China? I know there has been dual system for trade but evidently to get money out of China you have to convert to US$ only with the permission of the CCP, this explains bitcoin going to the moon since Chinese have no other way to get money out. If this is old news, I apologize.
its not necessarily that China will rise but that the US will fall once the left comes into power again which will destroy the US economy in less than 8 years with the new insane policies such as wealth taxes and the green new deal. AnonymousCoder is just a troll saying Armstrong reads this blog, he actually thinks I am Armstrong. He clearly cannot be taken seriously and i think is being paid to post negatively about Armstrong, I would just ignore him.
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@Alex-11
Socrates is so simple to use I find it hard to believe people can't see how accurate it is. The real difficulty is keeping your emotions in check. if you simply play it by the reversals and only enter on a closing basis with the understanding that the election of a reversal implies a move to the next and so on, we had a perfect move recently where the Dow elected 2 weekly bullish reversals on the 26th of August but we closed more than 1% above, we then retested the reversals with one at 26053, and the next weekly bullish reversal was at 26368 which the market tested 2 weeks later but failed to elect implying a retest of support.
I was thinking IQ may not be so important since the computer is almost doing everything for you telling whether to buy or sell if one of its price targets is elected. In fact socrates is very black and white regarding the reversal system there can be no ambiguity. so basically it comes down to emotional IQ that is the key when using this system.
As Armstrong has said the majority is always wrong that is the fuel that drives the markets so it should come as no surprise that the majority think socrates is a scam, and we need fools on the other side of the market in order to trade against them.
Beyond hilarious when Martin Armstrong trolls (very likely Martin Armstrong himself) Alex-11 and Gumbi start talking to each other. Just shows how pathetic these tactics are and sad. Its obvious that despite overwhelming evidence of this scam by an admitted conman and fraudster these aliases try and steer the conversation to somehow legitimize the scam. This website is allowing the perpetuation of this scam and should not. I think this website could be held accountable should any losses, as a result of this scam, be proven. Yes a 70 year old is here posting to influence a handful of people trying to get more subscribers who is already worth hundreds of millions of dollars. Either he admitted to being a conman or he would spend the rest of his life in jail, not really a choice is it?. What's sad is you believe whatever the government tells you and never question it. MA_talk has asked for live trades and I am happy to do so. I wonder how many it will take...
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Today is also a turning point so we should see a low at least on a intraday or closing basis.
On what other basis could it be? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Joking aside, can you comment on this rule "intraday or closing basis"? I am especially interested if that low on turning point is based on closing, what can happen intraday? In that case, you could have intraday low any day before or after. How should one place stop loss in that case? The stop loss I used for my previous trade was just above the major daily bearish reversal the system elected at 26717 on the 1st but according to the system you should place your stop above the opposite Reversal (Bullish) The array turning points can occur on a intraday or closing basis so any new low will be on a intraday basis and not on a closing basis but that will have to happen on a turning point so the close for the 2nd on the Dow looks like a turning point on a closing basis, however the empirical model points to the 3rd so we may see a intraday low occur today. The daily report says there is some support lies intraday at 25716(daily bearish) so you could place a stop loss just below that level. Since the next bearish is at 25833 on the daily level that should function as immediate support unless broken, then look to the next and so on. You should take note that a monthly bearish reversal is much more important than a daily or weekly. Some support is likely to be found at that level. So If you arrange the reversals from the monthly and weekly reports and combine these with the daily reversals, you will have the best possible MAP of exactly where support and resistance stands at any given time in the market.
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... I have just exited my trade at 26102 just above the monthly bearish Btw AnonymousCoder for this trade I sold 18 contracts on the Dow because the reversal system is never wrong ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Welcome to the exciting world of single observation statistics! Read this blog starting at page 273 to find out more about computerized fraud See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog no I have not played this correctly. The market should test the next daily bearish at 25833. Today is also a turning point so we should see a low at least on a intraday or closing basis. If a reversal is penetrated intraday this often implies a move to the next in this case the weekly bearish has become the next area of support on the Dow. The reversal system is simply the best MAP possible when trading.
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Why did you enter on daily and plan exit on monthly reversal?
The next area of support just happens to be a monthly bearish, there is a weekly bearish just below and then the daily bearish at the 26800 area. Ideally it should test the daily level but since time is more important than price I am choosing to exit around the monthly/weekly support area and lock in profits. I have just exited my trade at 26102 just above the monthly bearish Btw AnonymousCoder for this trade I sold 18 contracts on the Dow because the reversal system is never wrong ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Dow elected 2 daily bearish reversals at the close today, next level of support lies at 26062 on the monthly level,
I have entered a short position at 26545 and exit will be around the 26062 zone.
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armstrong saying a close in djia fo september below 26905 in order for it to retest the lows....
but we closed at 26917..... a lousy 12 points,.... isnt there some wiggle room in this model ?
that was just a technical number not a reversal, closing below 26603 should imply a retest of support
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... In fact socrates is very black and white regarding the reversal system there can be no ambiguity. so basically it comes down to emotional IQ that is the key when using this system.
The Socrates system is full of ambiguities. Socrates provides no conclusion from the multitude of conflicting trading signals it provides: See Socrates Technical Analysis Prediction MagicTalking about ambiguity, you can read there about a case where this moron Gumbi who is paid by Armstrong or is Armstrong himself advises to ignore the election of a reversal, elected within 1% rule, and then trade another reversal that was NOT elected. This is sheer madness.Calling this an computer system is already a joke, because a computer system would know the rules and calculate the result from the multitude of conflicting signals. This contraption looks more like a bunch of pocket calculators. Read this blog starting at page 273 to find out more about computerized fraud See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog why so antagonistic, are you always this emotional? This system is very simple but you have no idea how it works, regarding trading a reversal that was not elected, all four reversals need to be elected to change the trend, this is where we elected the 3rd bearish reversal but held the fourth.
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@Alex-11
Socrates is so simple to use I find it hard to believe people can't see how accurate it is. The real difficulty is keeping your emotions in check. if you simply play it by the reversals and only enter on a closing basis with the understanding that the election of a reversal implies a move to the next and so on, we had a perfect move recently where the Dow elected 2 weekly bullish reversals on the 26th of August but we closed more than 1% above, we then retested the reversals with one at 26053, and the next weekly bullish reversal was at 26368 which the market tested 2 weeks later but failed to elect implying a retest of support.
I was thinking IQ may not be so important since the computer is almost doing everything for you telling whether to buy or sell if one of its price targets is elected. In fact socrates is very black and white regarding the reversal system there can be no ambiguity. so basically it comes down to emotional IQ that is the key when using this system.
As Armstrong has said the majority is always wrong that is the fuel that drives the markets so it should come as no surprise that the majority think socrates is a scam, and we need fools on the other side of the market in order to trade against them.
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Armstrong is worth an absolute fortune he doesn't need the money, you clearly know nothing about him. ...
Nobody cares about what you say. Socrates has been thoroughly discredited here. To be a scam. To be a fraud. Not a single poster could prove that it works. And, because it does not work ... Martin Armstrong misrepresents hypothetical performance results: https://bitcointalk.org/index.php?topic=1082909.msg51666429#msg51666429We did some work to find out and nobody could challenge the results. Now the game is over. Gumbi, Strike Eagle 26, over45 and Alex-11, you Martin Armstrong affiliates. Nobody is asking you for advice here. Nobody is interested. Go away and post at armstrongeconomics.com. People who want your stuff can go there. This is clearly not your forum. Read this blog starting at page 273 to find out more about computerized fraud See https://armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog lol you are such a child, must be dead broke, probably lost everything playing off something Armstrong said. Its sad what you have done to this forum, its has become a complete joke thanks to you. You have not even bothered to read my post I was talking about the ECM. But I think in the end you are doing Armstrong a great service regardless because he has more than enough followers and subscribers to his service and probably would not be able to handle the influx of new people so on behalf of Armstrong and his team we thank you.
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... All MA is doing is trying to leave his Socrates system so his kids or other family members can continue to fleece the sheeple who believe that this system actually works. Ive tried the Pro version with another poster on here whose very well schooled in the trading game and plain and simple it doesn’t work The penny finally dropped for me when he posted in late December or very early January DO NOT GO LONG!!! well no further comment required on that statement.. He is a Dud Dude who makes his money pulling the Socrates scam
Thank you! He wants this to be his retirement scheme. Since we have proof that it does not work, it is our duty to prevent this scam from continuing. Socrates does not work. Martin Armstrong is still misrepresenting hypothetical performance results: https://bitcointalk.org/index.php?topic=1082909.msg51666429#msg51666429
Read this blog starting at page 273 to find out more about computerized fraud See https://armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog Armstrong is worth an absolute fortune he doesn't need the money, you clearly know nothing about him. I can understand your criticism of ask-socrates it does need a lot of work still and can be confusing. The most likely reason you and others are not having success is because you were day trading and not playing more strategically like in line with the ECM. we already have all his major predictions based off the ECM(business cycle) so by 2024 you are going to realize your mistake and you would be a fool to bet against the ECM. the next wave is 2020.05 to 2028.65, the peak of that wave will be 2024.35(major turning point) the top and bottom of each wave is where the markets tend to make highs or lows so we have a commodity boom from 2020(low) with a high in 2024, agricultural boom from 2020 with a high in 2024. Armstrong is also calling for a equities to breakout from 2020 with a temporary high in 2024 @MA_talk The ECM is probably the best way to trade, in line with the business cycle. There is also no need to argue about it not being accurate to the day because this is not going to help you with your trade. Each market has its own unique cycle so it often will not line up perfectly with the ECM so for example the Dow Jones may make a cycle low in December which looks likely based off the monthly array since we also have a directional change in January. https://www.armstrongeconomics.com/uncategorized/what-kind-of-trader-is-trading/
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8 Socrates From May 30th gold has elected 29 daily reversals of which 27 were Bullish (not included are today's bullish elections). 10 weekly elections all Bullish and 5 monthly elections all of which were bullish, I've recently subscribed but it seems the software gave a few clues to this move.
The plain fact based on numbers provided by Socrates is that Socrates missed the move in a spectacular way: https://bitcointalk.org/index.php?topic=1082909.msg51666429#msg51666429No Weekly Bullish Reversals published ahead of time were elected during this move. Yes you may count any number of Weekly Bullish Reversals elected in hindsight but as the quoted article points out, these cannot be traded because they are published exclusively after they should have been elected, only to be counted as success where in fact the system failed which is fraud. Read this blog starting at page 273 to find out more about computerized fraud So in that case the weekly elected reversals were released and shown as elected the very next day!?
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.... I guess half the population must be racist then for voting for him and is the favorite to win in 2020 as well so most Americans just don't buy it. You live in the world of make believe you have been completely brainwashed by the main stream media you simply are incapable of thinking for yourself. If it is so obvious that he is racist Why don't you quote me something Trump said? It wont stand up against common sense.
I represent myself nobody else. I challenge you quote something that is clearly racism by Trump?
Why digress, and do personal attacks on people's opinions? I honestly don't care what anybody thinks about Trump. Everyone is entitled to their own personal opinions. Let's focus on FACTS & evidences. As an example of facts, the fact is 10/1/2015 is NOT the same date as 10/7/2015, but Armstrong claims that ECM is accurate down to the day, and he claimed that ECM was 10/7/2015, and he claimed that ECM is 10/1/2015. Those are contradictory statements. So he LIED, or he made mistakes that he is unwilling to admit, and/or ECM is in NO WAY accurate down to the day. This is extremely well-documented in this forum, and summarized here: https://armstrongecmscam.blogspot.com/p/economic-confidence-model.htmlSo let's focus on facts first, and then we can each derive our own personal opinions based on the presented facts. There is no way that I change anybody's opinions, but facts are always facts, even when you want to retain any illogical personal opinions. What about the ECM in intervals of 8.6 months? Do you know why Armstrong used the 2.15 year interval? So in your view he made a mistake and still leaves it on his website?
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There is nothing Trump has said that is racist or misogynistic you can only imply he is a racist or against women indirectly but that is possible for just about any statement made. There is no way you can win this argument logically it is purely emotional but you can quote something he said and try your best. It sounds to me like you are the being sexist implying men cannot insult women just because of their gender. This is political correctness which is a disease. We judge other people by ourselves so this says a lot more about you than it does Trump. I guess you also believe Trump raped 26 women since there have been about that many accusations, you just don't know how ugly politics can get.
So is it now a crime to be against the religion of Islam which has been one of the most murderous religions? Mohammed was a warlord, no other prophet has cut off so many heads.
Keep the highlight wheel moving Gumbi. A short (and I mean very short) read of Trump's twitter feed and you'll find plenty of direct and implied racism. A comment that discredits or demeans others only on the grounds of race or ethnicity is the foundation of racism... But interesting that you would choose this topic to defend on a blog that showcases the factual sham that is MA/Socrates. I guess half the population must be racist then for voting for him and is the favorite to win in 2020 as well so most Americans just don't buy it. You live in the world of make believe you have been completely brainwashed by the main stream media you simply are incapable of thinking for yourself. If it is so obvious that he is racist Why don't you quote me something Trump said? It wont stand up against common sense. I represent myself nobody else. I challenge you quote something that is clearly racism by Trump?
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https://www.armstrongeconomics.com/international-news/politics/gang-of-four-trying-to-start-race-wars/"In my company, we are like the UN. We have EVERY race, creed, and gender among our ranks. I find it offensive that people like this are in the public eye and fanning the flames of violence. This type of speech only inspires hatred on both sides that some will use to justify violence against others. This is highly irresponsible and people like this do not belong in any public office. The man who fire bombed and tried to kill ICE workers was inspired by AOC. He adopted her characterization that they are holding people in “concentration camps.” Meanwhile, the media is doing its best to ignore this attack because it would go against AOC. This type of rhetoric inspires people perhaps with mental issues to act." Not once has anything been said by Mr. Armstrong condemning the racist, anti-religious, and misogynistic statements of the President of the United States. And this is his response to the condemnation of the line-in-the-sand tweet by the President of the United States. I am now completely done with any services provided by Mr. Armstrong. There is nothing Trump has said that is racist or misogynistic you can only imply he is a racist or against women indirectly but that is possible for just about any statement made. There is no way you can win this argument logically it is purely emotional but you can quote something he said and try your best. It sounds to me like you are the being sexist implying men cannot insult women just because of their gender. This is political correctness which is a disease. We judge other people by ourselves so this says a lot more about you than it does Trump. I guess you also believe Trump raped 26 women since there have been about that many accusations, you just don't know how ugly politics can get. So is it now a crime to be against the religion of Islam which has been one of the most murderous religions? Mohammed was a warlord, no other prophet has cut off so many heads.
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Gumbi, how would the top of this market be shorted 'to the day'? I assume one would need to use the arrays and pick out the turning point if price comes into contact with the Bullish Reversal at that point in time, which is what I had tried to do previously. If I am not mistaken, that number is ~28,000, or that is just minimum resistance?
Yes that is correct but it is very difficult to short the day of the high and often unnecessary but looks like early August for a high on the weekly array most likely the 5th of August, we have a weekly bullish that may be tested at 28600 level and daily at the 27900 level. The market must come down and retest support one more time going into the bottom of the ECM to imply we move higher with a high in 2024. In my opinion the market cannot truly breakout until the next cycle begins.
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..And these guys; https://integratedwealthmanagement.ca/learned-martin-armstrongs-orlando-conference/'..1) Socrates is NOT supposed to be used as a day-trading platform 2) Socrates should be used in tandem with an existing disciplined framework, including proper diversification, disciplined trade execution, moderate trading frequency, and with very disciplined risk management in place 3) Our managers will utilize Socrates to make sure Client portfolios: Are on the right side of every major currency move Are over-weighted in asset classes that have the best risk : reward potential Avoid major losses from high-risk asset classes, and possibly benefit by shorting these asset classes..' i'm not a trader in any sense. But I use Armstrong as a macro road map and i'm in the green because of it. If i'd listened to someone like Jim Rickards who wrote The Death of the Dollar years ago and pushes gold all the time, I'd be in the red for sure. Kiwibird- great spot, thanks. They REALLY like Martin Armstrong. They say they use Socrates amongst other things but that is quite a bold statement for a financial advisor to make. Maybe they are the company that MA refers to when he says he wants to licence Socrates, but in any event a public relationship exists there currently. Bikefront - yes I used to read Nick Nicolaas blog at Mining Interactive as he posts a lot about Socrates, and in fact says: "Outside of the people directly working directly with Martin Armstrong, I am probably the best person in the world interpreting his work." He even sells his notes at the WECs. I am quite happy to take NN at his word (he says he used to get MA faxes in the 1990s), but he said in one of his own public blog snippets of WEC notes that he nearly fell off his chair when MA said in 2017 (I think) that Gold was not going below $1k per ounce when NN had been forecasting this constantly, no doubt based on his interpretation of MA. So I concluded if this long time devotee of MA cannot fathom Socrates, a non-trader like me has no chance. I was interested in the basic investor service on the 2016 version but was out off by constant updates essentially saying it is not ready; it’s like buying a half built car. Steering might work but what if has no brakes…. I take Anonymous Coder’s point that financial firms might stay away from a licensed version of Socrates but those guys at Integrated Wealth Management have made me consider the point once more. If ANY mutual fund firm put out a Socrates fund that in itself would be an endorsement as it would have had to be scrutinised before the point of launch. Would I put money into such a fund? Sure I would but I would not give it any more money than some of my other funds. And I might even wait until it has a three-year track record like all my other funds. I would not give money to any wealth firm using Socrates because there is no public track record like you have with mutual funds for peer comparison and risk/reward assessment. However even if such a fund were launched in the US it is unlikely to make its way to the UK so perhaps it is wishful thinking but I would follow it with interest. Gumbi / Strike Eagle - thanks for your insights. As you both appear to be close to MA. Can you expand on the possibility of a licensed version of Socrates?Thanks again to ALL posters on their experiences, insights and comments. MA is fascinating. Today’s post about the UFOs. Brilliant! He has mentioned this before " We are in the process of licensing Socrates for a public fund being created by a Sovereign Government who is seeking to expand its Sovereign Wealth Fund services who has attended our World Economic Conferences since 1985. " https://www.armstrongeconomics.com/products_services/socrates/warning-about-funds-management-claiming-to-be-using-socrates/@AnonymousCoder You have to be very naive or stupid to think the government has not created secret technology that the public does not know about. This is the most logical explanation for all the sightings of UFO's
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If Armstrong said never to anticipate, then how is one to buy the high or sell the low? You can't, unless trading against the Reversals using the timing arrays, which don't work consistently. If Armstrong shorted major highs and bought major lows, then he is ANTICIPATING. And we know how often ANTICIPATING fails. We also know how often Cycle Inversions and other things crop up and make you lose money when you thought you had read everything right.
Please explain MAtalk's argument that Armstrong claims someone made a scooter that breaks the laws of thermodynamics. There is no such thing as perpetual motion machines. I myself tried making a few when I was a child.
We are just going around in circles, as usual. 2015.whateveryawanacallit might have been the beginning...of something which was probably the end of something too, and you can go back and try to make it connect with something else. You can even call it the peak in government if you want. If there is no ACTIONABLE ACTION taken at that point in time, it is completely irrelevant.
At this point, no one except noobs believe in Armstrong. Were it so simple and easy, we would have hordes of counterarguments. Maybe his technical analysis works, but I can easily do the same thing... Reversals are just breakouts of technical points, 1% rule is just support becomes resistance and vice versa.
Again, I challenge anyone to consistently post live trades using Socrates.
"Goldman Sachs’ share price is going down hard INTO 2019. The 159 level will be critical on a closing basis for the year. If that is breached, then we could see very major implications for the firm whereby it may no longer survive." "not in 2019" but GOING INTO 2019 you can't make such a mistake like that and we never closed below 159 for the year 2018. This call was essential made at least on his public blog on Nov 13, 2018 where a bearish reversal had already been elected https://www.armstrongeconomics.com/world-news/corruption/goldman-sachs-preparing-for-waterfall-event/ " Goldman Sachs elected a Monthly Bearish Reversal. Now a monthly closing BELOW 215 will signal a Waterfall is unfolding with a drop back to 185 for starters. " The anticipation point is correct but first the market has to PROVE ITS DIRECTION that is the difference. " In Tokyo, a man came to me with a magnetic engine. He wanted me to help him and take it public. He left me a scooter and told me to test it out. You plugged it in once and thereafter it self-generated power and did not need to be plugged in again. I was sceptical at first. I asked him why he was coming to me? He said he had been to all the top auto manufacturers and everyone wanted to buy it. He was offered $50 million and turned it down not because he wanted more, but because they wanted to shelve it so it would not see the light of day. That was another project they ensured was killed in my affair." https://www.armstrongeconomics.com/world-news/corruption/fake-new-silence-any-new-achievement/"it self-generated power and did not need to be plugged in again" really you cannot conceive this being possible in the future? Who said it was breaking the laws of laws of thermodynamics you have no idea how the technology works? Many things we can do today was thought impossible not too long ago. 100 years from now the technology that will exist you would say today is impossible and will never happen. You have to accept there are certain very disruptive technologies that are being suppressed by special interests and many innovations made by people are simply paid off just be shelved.
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It's true Dan we love Armstrong he has made us a fortune over the years. We can't thank him enough for his contribution to humanity nobody can take that away from him. The business cycle is one of the most significant discoveries by Armstrong and will be remembered long after he has gone.
Martin Armstrong discovered the business cycle? https://en.wikipedia.org/wiki/Business_cycle... Are you suggesting that there is no business cycle and that all price movement is in fact random ? ...
Who suggested anything that could even be misunderstood as a statement that the business cycle does not exist by saying what? Am I actually responding to a person or is this Socrates gone wild ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Read this blog starting at page 273 to find out more about computerized fraud he discovered the 8.615 year cycle. The total number of days within an 8.6-year business cycle is 3141 which is equal to Pi x 1000 the perfect cycle. So you agree with Armstrong that there is a cycle to every market? If so then random price movement simply does not exist I think most people including you believe that market price movement is completely random therefore cycles simply cannot exist in any given market.
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@Gumbi, you are surely trolling? This is a serious and impartial conversation about MA, not a comedian show. The DOW did not "crash" into October 1st 2015 and nor is there a single news article at the time that reports such a thing. MA was wrong. Again. Arguing against the chart I posted proves either lies or bad eyesight. The bigger "crash" was August 2015, and yet MA argues his model forecasts "to the day". So he was a good two months out and nor was it a crash, it was a correction. The decline in October was also less extreme than the decline mid November 2015, and nor did MA "forecast" that either. You then, jokingly I presume, write: any link posted to be taken seriously will have to come from his website. how can you post evidence from a website other than his blog ? this is absurd.I can evidence real interviews with respected newspapers where MA, with words coming from his mouth, proves his forecasts were wrong and otherwise appears to be making the dates up. This here is an "official" MA blog post on his site that references that De Welt article: https://www.armstrongeconomics.com/uncategorized/die-welt-the-construction-of-our-database/Please do keep digging a hole for yourself. And using your argument about his blog being the only "official" source of truth about MA, which is a brilliantly absurd paradox in itself, he explained his model forecast a US recession after 2015.75: https://www.armstrongeconomics.com/uncategorized/back-to-the-future/Wrong. Again. Either you work for MA or you are MA, because no one would be this defensive and controverted in their arguments. The ECM is a global economic cycle NOT a stock market model what makes you think the market has to bottom precisely in line with the ECM?. The Dow went down from its high over 2000 points into October 1st, the market was crashing going into the ECM date and this is what we can expect going into 2020 if we are going to see new highs into 2024. 2015.75 was the start of an economic decline not the end. "The model is forecasting NOT a “recession” in the old terms, but an economic decline. " https://www.armstrongeconomics.com/armstrongeconomics101/the-gdp-decline-post-2015-75/ post 2015.75 Armstrong never called for a stock market crash in fact he called for new highs. You don't need to be looking at anything other than the ECM target dates which will never change. Are you suggesting that there is no business cycle and that all price movement is in fact random ?
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