This week turning pt in many markets
Coronavirus non issue
Minor monthly bearish elected only. Not in Nas or SPX
Likely see a new low in March but 24000 to mid 24000s support. if 24,680 hold on monthly will head back up to test highs by may/ June

Trade well

Basically MA called for a correction - it came. A continued correction down to 22000-21000 if we had closed about 50pts lower on the DOW today...this is where it gets tricky - we will see what he says this weekend. Next week we could continue to sell hard to those levels.

Gold to find support around mid 1400s

whoops..I just clicked print.

Seriously, can everyone just chill and get back to focussing on what is important. Markets and money.

Thanks!

And if things don't sell off...the term "cycle inversion" will be used or that this date marked the "start of something"

This email response sums everything up for me. I emailed him or the team back in April...

https://ibb.co/gPWd1nw

Armstrong called for a retest of the December 2018 low multiple times in 2019. Every turning point that we should have dropped lower he called it an then called it a cycle inversion when it didn't work out. This was multiple times on the blog he did this. As a result, I canceled my subscription because this retest call kept me about 40% out of the market.

Armstrong only started to change his tune a couple of months ago or so saying we could rally into the ECM date then we could expect the opposite thereafter...when before he said we would sell off into the date. Again cycle inversion stuff.

He has said there wasn't enough energy in the market for a large sell off which contradicted his re-test calls. But now he is calling for a 20% drop?


I know everyone wants a guru to tell them when to buy and sell and to make riches, but it's not going to happen.

[/quote]

What was the post title or date (public or private) that he said this?
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Well, i don't have access to the private blog anymore, but I do recall laughing to myself as every top call or retest call MA made went the other way. Calling it an "inversion" If you have access to the private blog, go back to last January and check all the Dow posts on the private blog.

Side note: Disciples of Armstrong forget that their is more to trading than just going long or short the DOW. There are different sectors that will do very well over the next couple of quarters. Energy for example...

The problem with him calling for a 20% correction - if that is what MA is calling for (I don't subscribe anymore) - is that it may never come. He called for a retest of the lows all 2019 and said we never were breaking out on a meaningful level.

Multiple posts about a retest that never came. Don't hold your breath.

Well, Armstrong has 13.2k followers on Twitter. Maybe those that feel inclined should refute his posts @StrongEconomics

Yes, Socrates missed an amazing rally... many - including myself- sat on the sidelines for most of it...so what is there left? Is socrates all of the sudden going to pick up on the greatest drop in history too only to rebound? Doubt it. Lot son money till parked on the sidelines.

What I don't understand is why Armstrong didn't discuss all the recent energy posts during the December low? Ah... but he was talking about 18,000 DOW too at that point, so who would go long? Seems to me that his energy indicator is a better indicator than any array or reversal. Yes, Armstrong called for a retest of the December lows for a majority of the rally. Kept calling temporary highs too. All wrong. Now here we are.

Yes, some of my biggest trades were small share size but longer time frames. Helps to sleep at night too; otherwise, you get into an active trader/ scalper mentality ...been there . You know that feeling when you wish you never were in a trade .... remember that

Yes, a few of us from this forum discussed the arrays, reversals, trades...over at that forum. Not so active on it anymore.
BTW, where is this special subscription to the DOW? I didn't see that. Is it basically the $150/ month service but two months free?

So MA has been calling for a pullback since the January to test the December lows. Then he changed his tune to say there would be a July high and a pullback.
So, MA stated that Technical resistance for the DOW was 27,296. We blew right past that and closed at 27,332. He also stated that this level needed to be exceeded for the "channel move"...so is it time? Or, will this be a temp high? LOL more noise than anything. Should of held my corse position longs when I stepped out in Feb.

That guy is a fraud. He lies about his profits and claims he day traded his way out of mistakes. He pumps gold private placement stocks that he is involved with. Has been preaching gold will go to 980 for years...and still says it

beware

Well, no more bashing from me... The Socrates system and MA simply missed the DOW move from January to the current all time highs. Even an email to the team I asked about the arrays a couple of months ago and directly asked if Socrates had missed the December low and rally. They said yeah it had missed the rally, but not the break out...well fast forward and here we are... So for me no more wasting time bashing something that doesn't work. Not to mention gold..ugh. 

I understand the need to inform people...thank you

Well, there is a nice blog post from a random person that is praising Socrates and stating "See you in Orlando". The sales pitch has started for the next WEC. The posts states that they were amazed by the the move up in gold after resistance was broken. This person must be completely new to trading because that is what prices do when there is a technical break out. A super computer is not needed to tell you that, but rather one line on a chart connecting the highs. Oh my!

Yes, a huge thank you to everyone for stepping up and being as honest as they have been with their success and failures. I have been more frustrated than ever with MA/ Socrates. I didn't dare fade Armstrong's calls...after all, former hedge fund manager and an AI computer system that has apparently called everything. I'm so disappointed I followed MA's blog comments. I literally have missed out on about $70,000 move based on what I was invested in with my core portfolio. I went to cash on January 19th...and waiting for the test of the December lows that never came. I literally wanted to stay invested, but his comments hinted at a pullback...Although I didn't lose money the missed opportunity stings just as badly.

Now do I buy the breakout and his channel move? Haha all indicators I have are saying way over bought...History shows after "Quad witching" we get a couple of days and then a large pullback, but then he posts a graph yesterday showing the energy is super low and likely we will burst higher. He didn't talk about the lower energy in the private blog on the most recent sell off. That would have been a great call when the energy hit zero on his chart on Jun 03 or so..that was about a 7.5% move on the SPX right there - sigh. We had elected a couple o bearish reversal I believe on the DOW too. Can't remember would have to load my charting platform for the specifics, but I hope you get the idea.

So, basically his blog comments have been a contrarian to what has happened. This was the case with gold a few years back when he posted something the like fat lady was singing and we would go under 1000 only reverse super fast - oh well. I'm on to more green pastures...but do find this thread extremely interesting and enjoy the commentary with like minded people!

Well, let's see if the 1% rule applies to gold. It should snap back and test the reversal in the mid 1360s. Whats going on with regard to the DOW... we can continue moving up in a channel move, but could still test lows in January...both sides left open hmmm

Remember this quote, "Once we break out above the 2018 high, we should expect to test the 30,000 level by 2021 if not 35,000 by then."  Well ,not there on the DOW but other indexes we are. ON the brink of war and this bubble will pop. Summer solstice tomorrow - a day to be remembered.

Oh what about the trade of the century? I thought it was addressed on here a while back?

my 2 cents: Quadruple witching on the 21st of June, war looming, economy week, bank index selling off,

Look out below...is that in the arrays?

Yes, I understand. Me as well, my goal was to "follow the numbers" with Socrates and to remove emotion from trading. However, when signals are not clear ... or out right wrong...how can you not be emotional?

Well, I'm onto trying another couple of services... one is very expensive but they have made unbelievable calls in the last 2 weeks ...they are more day traders or 1-3 day holders of futures and have been know to execute trades overnight (I have followed with ETFs and have done well) and another less expensive service - more of a swing trade style  - based on cycle analysis which is calling for a temp low in the SPX on July 5...we will see I don't want to post them here as it seems like an ad or me promoting something that I am not associated with (as I'm not), but people can message me.