 Show Posts
|
|
Pages: [1]
|
|
Slowly more and more of his followers are seeing the light
|
|
|
|
|
I am actually shocked he has had the audacity to make that claim. I was a former private blog subscriber until recently, he never called the low and did not call for a rally. He was calling for a crash through out April and May to retest the March low. He is trying to white wash his wrong call.
|
|
|
|
|
Anyone who says anything criticizing Armstrong on the Reddit forum now gets banned instantly
LateralusYellow (moderator)
"Yeah I'm just banning accounts from now on who show up to criticize"
|
|
|
|
Confidence in Armstrongeconomics
and Socrates collapses
Proof: Look at this post in the Armstrong shill controlled Reddit forum: I AM A BETTER TRADER AND FORECASTER THAN ARMSTRONG: u/Arkansasmyundies I am a better forecaster and trader than Armstrong my recent post are evidence: I wrote this post "I am going long the DOW on the 16th May under the username martymac1523 which I can't use on This R/ now because butthurt fan boy moderators banned me. https://www.reddit.com/r/aec/comments/gllo3o/im_going_long_the_dow/"I have spent the whole weekend doing research and looking at things I can’t see any correction near term. We had a 6% pull back last week I think that was it for now. I expect the the DOW and SPX to go up 5-7% before a real pull back. I don’t think we see a major pull back until August into the election. All the negative news and data the market has shrugged off. Through out this crisis thus far Martin has been wrong at every point since January, following him has cost me too much money" The Dow went up almost 10% over the flowing 3 weeks I wrote this Comment 6 June 2020 https://www.reddit.com/r/aec/comments/gxaouq/reaction_high/ft0rjzk/?context=3"He has been calling for a drop since the start of April, now it is just embarrassing. There are many technical indicators showing the market is overbought a normal 5% + correction should occur in the next few weeks. " We are about 4% off the highs as of writing I have NAILED every move the past month and have evidence to back it up. No vague statements or bullshit like Armstrong. I am a real trader, Armstrong is just an ageing con merchant. is a charlatan, and he spent 11 years in jail for that reason but he has not changed. 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. Every single defrauded person should report their case, see Where and how to complainHow is that an Armstrong Schill?? In that REDDIT post the user is saying they are a better forecaster than Armstrong. Its criticizing Armstrong for being wrong while they were right. I have highlighted and annotated the best bits https://www.armstrongeconomics.com/armstrong-in-the-media/a-near-market-is-not-likely-in-the-most-hated-bull-market-in-history/MARCH 2ND 2020 A Bear Market is Not Likely in the Most Hated Bull Market in History Well, here we go again. These people who claim to be experts (like you Martin?) are warning that it is the fallout from the global coronavirus outbreak that has caused the crash and one says this could be “worse than the financial crisis” of 2008. Another analyst claims to have forecast the 2008 Financial Crisis is now saying the idea of a major global recession “doesn’t sound too farfetched.” These people who always claim the market will crash then claim to have forecast the crash (Again like you Martin) again sounds but only one out of 50 such forecasts is ever correct. They then also market themselves to please buy their newsletter because they were right. (Sounds a bit like you Martin) The German top newspaper, Die Welt, commented on the stock market decline mentioning our perspective correctly February 28, 2020: The crucial question for investors is now whether the stock market is drifting into a bear market, whether it is losing 20 percent or more, or whether there is a quick and strong recovery. Martin Armstrong currently believes a bear market is unlikely: “The rally that started in 2009 was the most hated rally in stock market history,” says the capital market expert from independent research firm Armstrong Economics. Yes, I have forecast all the great crashes. That was actually the easy part. (So easy he couldn't forcast this one) The difference in such forecasts sometimes goes over everyone’s head. The 1987 Crash I forecast even that the market would fall basis the S&P500 futures from 286 to 181 in two days. True, that impressed even me. But the fact that the crash came on October 19th, 1987 which was the very day of the Economic Confidence Model confirmed what all my other models were screaming – we would make new highs by the peak of the ECM in December 1989. Both the NewYorker and even Bloomberg News had to admit that we correctly forecast the 1987 Crash. But the important part was that the US market would make new highs from the 1987 Crash but the Nikkei would not from the 1989 event. |
|
|
|
...
How is that an Armstrong Schill??
In that REDDIT post the user is saying they are a better forecaster than Armstrong. Its criticizing Armstrong for being wrong while they were right.
I am referring to the moderator who is controlling this user group. He has deleted quite a few critical messages before. The user who is posting runs the risk of getting his post deleted and his ID banned as before. I am ready to delete this post after you deleted yours - I think this thread it is getting a bit difficult to read. It would be alot easier to read if you didn't spam the forum with your copy and paste Armstrong warning every 10 minutes. We have read it a thousand times. Enough already |
|
|
|
Confidence in Armstrongeconomics
and Socrates collapses
Proof: Look at this post in the Armstrong shill controlled Reddit forum: I AM A BETTER TRADER AND FORECASTER THAN ARMSTRONG: u/Arkansasmyundies I am a better forecaster and trader than Armstrong my recent post are evidence: I wrote this post "I am going long the DOW on the 16th May under the username martymac1523 which I can't use on This R/ now because butthurt fan boy moderators banned me. https://www.reddit.com/r/aec/comments/gllo3o/im_going_long_the_dow/"I have spent the whole weekend doing research and looking at things I can’t see any correction near term. We had a 6% pull back last week I think that was it for now. I expect the the DOW and SPX to go up 5-7% before a real pull back. I don’t think we see a major pull back until August into the election. All the negative news and data the market has shrugged off. Through out this crisis thus far Martin has been wrong at every point since January, following him has cost me too much money" The Dow went up almost 10% over the flowing 3 weeks I wrote this Comment 6 June 2020 https://www.reddit.com/r/aec/comments/gxaouq/reaction_high/ft0rjzk/?context=3"He has been calling for a drop since the start of April, now it is just embarrassing. There are many technical indicators showing the market is overbought a normal 5% + correction should occur in the next few weeks. " We are about 4% off the highs as of writing I have NAILED every move the past month and have evidence to back it up. No vague statements or bullshit like Armstrong. I am a real trader, Armstrong is just an ageing con merchant. is a charlatan, and he spent 11 years in jail for that reason but he has not changed. 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. Every single defrauded person should report their case, see Where and how to complainHow is that an Armstrong Schill?? In that REDDIT post the user is saying they are a better forecaster than Armstrong. Its criticizing Armstrong for being wrong while they were right. |
|
|
|
He call the Low on March 23 and then he expect a bounce for 2 weeks . Good call . But he did not expect the bounce to turn into a LEAP. The stock market bounce and leap like a frog after a vicious drop generating a slingshot move and the move was fuel by the FED QE infinity money printing which provide ammo for small time traders in US to fuel the market even more . he did not expect that . He is useless but correctly called the low?
Armstrong didn't call the low he said a possible temporary low then following has called for a retest of the of low for the past 40% drop Indeed, if he correctly called the low why is it that no Armstrong-subscriber made any money from the most vicious rally ever?   Armstrong said a "potential temporary low" on the 23rd March. He did not say it was the LOW. The same way he has been calling a "potential high" every week since the start of April. If he writes "we might see a potential high/low" it is vague enough if hes wrong it doesn't matter because he said "potentially" but if he is correct he can claim he was right |
|
|
|
Martin is useless when it comes to trading . He correctly call the low in march .but missed calling the huge rally . For gold ,he call the 1755 high correctly .a correction into second half for gold means the stock might see some really crazy action .. Posted byu/jonkuok
12 hours ago
20200603 US Share Market June
The NASDAQ Array has shown that June was the target with also a Directional Change due this month. This is 3 months from the low so we are still in a reactionary phase. Note how the strongest targets are September and then November during the elections.
Here we can see that is the NASDAQ exceeds 9750 on a closing basis, it can make a new high and then fail. This is likely if the Dow cannot exceed its Weekly Bullish in the 27000 level. Keep in mind that the low in the NASDAQ was 2002 - not 2009 as was the case in the Dow and S&P500. This is part of this Paradigm Shift and it is warning that this index may peak out as early as 2025. After missing a whopping 40+% rally of the lows, now Armstrong says that June was always the target. Bravo Marty, amazing forecast as usual! Dow Jones closed above 27000. Now what? Is Armstrong suddenly turning bullish, after missing an almost 50% rally of the lows?!? 24023018477
23 minutes ago
He has been calling for a drop since the start of April, now it is just embarrassing. There are many technical indicators showing the market is overbought a normal 5% + correction should occur in the next few weeks. Armstrong markets blog are so vague and open to interpretation. No one knows what the fuck they mean. Completely pointless.
The Corona Virus has been his Madoff moment and has exposed him for what he is. No doubt he has alot of knowledge and his blogs do provide some useful insight. But when it comes to forecasting and trading he is useless. Being a Permabull during a 11 year bull market has managed to hide some of his sort comings. This Reddit-guy is exactly right He is useless but correctly called the low? Anyone who trades using Socrates come to the Facebook group. We have a pretty good crew and growing, none of these professional haters getting in the way. https://www.facebook.com/groups/154021879088365/ hope to see yous there! Armstrong didn't call the low he said a possible temporary low then following has called for a retest of the of low for the past 40% drop |
|
|
|
A new post in which Armstrong claims to have predicted the 1987 crash and bottom but mentions nothing about 2020 and the difference even though its in the title of the blog post. FFS Also at the top of the blog post is a video clip of a former client "Larry Edelson" According to a Securities and Exchange Commission document from 2006, Larry Edelson, Martin Weiss, and Weiss Research were issued cease and desist letters, which cited the cherry-picking of gains in financial newsletters as misleading. Link below https://www.armstrongeconomics.com/armstrongeconomics101/economics/what-different-this-time-between-1987-2020-33-years-later/ |
|
|
|
This is what I am trying to figure out in the current market. When we go for March retest and with what format or speed, or do we just keep going up
What I try to do is match my technical signals to possible outcomes and in some cases try to match them against what armstrong has been saying.
He has said we are in for the wildest volatility in 300 years. I have to intrepret that to mean that the VIX will go back up all the way and take out its recod all time high.
He also said that Nasdaq will turn back down in June and that it could retest the low.
The question is... what type of price action will we get that tests the March low ? with what speed, format or structure.
IF this entire rally has only been a counter trend rally, then one has to consider we could get a massive crash down that is fast and retest the March lows. We just had a lunar eclipse this past weekend. There was also one on October 7, 1987. Right before a massive plunge down and crash.
There are a couple other eclipses this month and apparently we never had so many in one month in 2000 years. We also have mercury retrograde June 18th.... The february and March crash was a mercury retrograde leg down.
I wish Armstrong would just go out and say it..... a CRASH.
on the monthly NDX100 chart versus RSI there is a CLASS C Bearish divergence. That makes the case that we can see a massive crash down that has persistence and sustained down moves.
There was also a put buyer of $2 million in 255 July 3 SPY puts.
Daily level for DJIA says "possible critical high"
last but not least the US Dollar is showing a 2 month bullish crab pattern and looks set for a massive northward rally. There is a very strong inverse correlation between sp500 and us dollar.
That might lead to a massive crash in sp500 if we see the US Dollar go into orbit.
IN summary we need to be prepared for the possibility that we see a massive 4 week crash down into end of JUNE.
Armstrong is still calling this a false rally and a retest of the march low is still in play, the timing may be off but this information is invaluable. most people have jumped back into the market thinking we are off to new highs.
Martin has been calling for a retest of the low every week since the start of April. How is the his a False rally?? Seriously?? The markets are up 40% in 10 weeks. The NASDAQ is at all time highs and SPX is 5% a way from all time highs. |
|
|
|
This Question was posted on the Private Blog 2 days again QUESTION: Granted, you called the crash and the day of the low as on March 23rd and said there would be a bounce. Do you still think there will be a new low in the Dow but not the NASDAQ? HH Called the Crash ?? Martin Gave this quote to a German newspaper which he posted on his blog on March 02 2020 February 28, 2020: Die Welt: The crucial question for investors is now whether the stock market is drifting into a bear market, whether it is losing 20 percent or more, or whether there is a quick and strong recovery. Martin Armstrong currently believes a bear market is unlikely: “The rally that started in 2009 was the most hated rally in stock market history,” says the capital market expert from independent research firm Armstrong Economics. https://www.armstrongeconomics.com/armstrong-in-the-media/a-near-market-is-not-likely-in-the-most-hated-bull-market-in-history/ |
|
|
|
|
He posted this on his Private Blog this morning. I think he has been reading the Reddit comments about him being wrong about the Corona Virus and they subsequent crash and rally.
"NOTE: I will NOT provide a detailed forecast on the blog - that is what people pay for in their reports. Reversals and timing are detailed on each report by Socrates - NOT ME! We all have expiration dates. So if you really want to be a trader, use Socrates. Personally, I only express the forecasts concerning the major trend for the long-term. I do not do the short-term buy-sell that is ONLY available on Socrates' reports. I will not get involved in that on blog posts. I am ONLY concerned with the major trend. I have tried to help ONLY during a panic. The major concern is the strategic long-term forecasts like the market will make new highs coming out of 2009. If you do not understand the strategic trend, you will lose everything as a short-term trader for you will never see the tidal wave coming straight for you - i.e. 1987 Crash, 2007 Crash, 2020 Crash - etc, etc, etc.." - Private Blog "Something is not right"
|
|
|
|
|
