So months before it happens MA makes the call that the 18th of January 2020 will be a turning point. The market goes down hard from that moment. All the dwarfs here were caught with their hair on fire, and I am blinded because I am saying it?
I repeat, MA has been wrong many times but this call was awesome.
I know that when you are losing a lot of money, you don't want to hear it but it is what it is.

Haha, this is great. So anybody that dares to say anything else here and all the dwarfs come out and troll. 

Yep. A pathetic fool. But so far with a great call, which I am enyoing:)

I agree but you're not allowed to say that here.

I can see the nonsense MA has published in the last few years, but so far he is correct on this one, to the exact date.  
Foolish or not, so far my 15USD Socrates subscription has prevented me from losing money.
Although I still think we will go up again in the near future I will keep a close eye on his blog.

Will he be right again in the future? maybe he will, maybe he won't but so far he nailed this one.

To call a top/turning point months before it happens is a big call. The DOW could as well just continued going up last week and this week. But for some reasons the market seems to turn. Look at Europe this morning, we haven't seen this for some time.

So whatever happened, Socrates picked up some signal. You can call it sheer coincidence or BS or whatever, I couldn't care less. For me opinions are worthless, facts matter.
I think any serieus investor should always keep an open mind and I'm happy that I closed some positions before the ECM. I might be adding again depending on what happens next, no idea at this point.

Of course MA has been wrong many times. But I've read that Jim Simon's fund is also often wrong on it's investments, but to get the sizing and positioning right on what works is what brought him these enormous gains.

So far, Socrates has been spot on which I find remarkable if this continues.
According to MA, a lower closing this week will mean that we go down further in February.

Yes, I have access. I just wanted to know what he would say now around this "important" ECM date.
And I always try to look at it with an open mind. No matter if he was wrong in the past on reversals, could he be right on an ECM turning?
If he would have claimed a big high last Friday in the DOW untill Q1/Q2 2021, and if that happens, then that would be a big call as we have been rallying non stop for years.
But now what he says is basically that if we go down - we go down, and if we go up - we go up.

So the reversals and array's are not working (as showed on this blog) and now also his ECM turning can go both ways.

I agree. Most (bigger) investors here in Europe invest in the SP500 and Nasdaq Composite, not the DOW.
The DOW is more what is used in MSM.

MA now says we could make new highs and rally further into 2022 as soon as the DOW takes out last Friday's high.
Always waiting on the sidelines for the next move. If we go up further he could just say that the trust in banks has become so low that people are forced into the stock market.

Not yet for the DOW. When MA talks about the US market, he means the Dow Jones. 
But it won't take long probably. We might see a new high today or tomorrow.

Since 1988, his flagship Medallion fund has generated average annual returns of 66% before charging hefty investor fees—39% after fees—racking up trading gains of more than $100 billion.
No one in the investment world comes close.

https://www.wsj.com/articles/the-making-of-the-worlds-greatest-investor-11572667202

I took the cheapest subscription last weekend to see what he would write on his private blog.
That was USD15 well spend. The amount of nonsense is unbelievable I think.

He said so many things have changed direction on the ECM. Also mentions the changes in government in Russia last week, some sort of confrontation between Russian and US troops in Syria, and yesterday a story about a conference in Berlin on Libya.

Anyway, he mentions we closed yesterday under Friday's low so that the high was in. Well....it will warn that we "MAY" face a correction.
So even on the ECM he can give no clarity. Very dissapointing, yet again.

MA is probably now making up some new stuff.
He probably will say now that everything went according to plan and one just has to wait till the end of the quarter and follow the numbers;)

And of course, it ain't offer till the fat lady sings.

Let's wait and see first. But we had some interesting price action this morning in Asia so far:

- Hong Kong: -2.68%
- Shanghai: -1.41%
- Singapore: -1.20%
- Nikkei: -0.91%

This new virus will probably have something to do with it:
https://www.bloomberg.com/news/articles/2020-01-21/fourth-china-virus-death-reported-raising-contagion-concerns

By the way, there is a new book on Jim Simons, "The Man Who Solved the Market".
Simons actualy did did what Armstrong is saying he did.

"Simons built a computer model capable of digesting torrents of data and selecting ideal trades, a scientific and systematic approach partly aimed at removing emotion from the investment process.
Since 1988, Renaissance's signature Medallion fund has generated average annual returns of 66 percent. The firm has earned profits of more than $100 billion; Simons is worth twenty-three billion dollars."



...Compare this with Armstrong  

Probably nothing will happen this week or next week....Nothing specific happened on the 18th.

I did sell some positions in my portfolio last week, just in case. Not to difficult to do as I think we are due for a (small) correction anyway.
But maybe we keep going up or are going sideways and then I need to slowly buy into the market again.

Maybe the new Sars-like virus in China that flared up this weekend is something that might change things. Who knows.

That could well be. Like he did in 2015.
We shall see.

What he basically is saying now is: a high around Saturday January 18 (week before or after)= turning down 20%+ into Q1 2021. Only if US share markets make a low on the ECM we would rally in 2020 once we take out 2019 high.
For now, taking out 28.971,94 on a weekly basis could mean going toward 30k.

So he means either a big low or a big high around the ECM. Looking at yesterday's price action, a low seems hardly possible anymore.

Thanks Parisboy.

Currently I'm mostly interested what happens around January 18 ECM.
So far I have been long this market big time and where I would normally haved trimmed some around end of December I decided to see if we would rally into this date.
So far not much is happening but I'll wait and see. Gumbi has send me some information and numbers and I keep a close look at it.

If indeed a big top (for instance going towards 30K in DOW) is created around the ECM with a year long draw down then that is a nice call and I will trade it.
If nothing happens I myself close the book on MA and move on.  

In all fairness but if week 3-2020 would indeed prove to be a major turning point in all the US indices then that is a big call.
That doesn't change anything to his reversals and arrays nonsense. These have been debunked on this forum many times already, as Bikefront correctly mentioned a few posts back.

In case there is no turning point in the week of January 13th, I think we can close this blog. In that case so many of Armstrong's statements have been proven wrong...