Bike - I get the private blog posts too, but only the private blog and not Soc. Please don't leave this board - I've been lurking here for months and people like you are why I visit. We need to keep this discussion objective and you do a great job at it. You constantly say Soc's reversals are "helpful" with your other strategies...care to elaborate?
From just reading the Private posts, Marty put up the weekly bullish at 24089, so on Wednesday morning I went balls deep knowing the next reversal wasn't until 25k. I thought, "After all these years of piecing together his cryptic stuff, am I understanding correctly that he's saying we're going to rally almost 900 pts into the 21st?" That was a great call by Marty. I sold my SPY calls this afternoon for a nice 120% gain.
Since he said the high would be Friday close or Tuesday morning latest, I bought SPY puts @ close. Let's see if he's "the oracle" after all.
I'm amazed that he said Friday would close at the high or Tuesday would open at the high but then that would be it. That is REALLY specific from Marty. If the market opened positive and then closed negative on Fri that would have killed his credibility on my part.
I also noticed that his reversals line up, nearly identically, with Fibonacci fan projections and pivots/retracements. Any thoughts, gentlemen?
Thank you. My personal strategy is supply and demand on daily+ candlestick levels. I look for points where the market made highs, lows, opens, and closes most often. I then see if the market has tested that area, the kind of momentum going in, and so on to gauge the likelihood of a reversal, depending on timeframe. The daily level would be enough to trade intraday, the Weekly level for holding overnight, etc. But when I don't know the direction, Socrates points the way. This helps me choose points to follow the trend- I would buy on pullbacks in an uptrend on those points and avoid shorting except for quick scalp trades. Its actually really accurate and following the trend helps a lot.
Yes, that's a great way to trade the Reversals. Just remember that it can't always be exact- but getting most of the move is fine, which it does. I also purchased a huge amount of puts into the close- I think QQQ might be the best, as the Nasdaq declined the most from the last selloff. Armstrong said the SPX had a steeper curve than the Dow or something like that so I assumed that the Nasdaq would be even more so. I still kinda hope Tuesday is the high so I can add to the short position, but its fine either way.
Sometimes the Reversals line up with my numbers, sometimes not. Enough lines will eventually give alignment I guess. I find it very interesting when he said that the 21st is a point that is cropping up in other markets. It could be a major event. "Yes, you are correct. We could peak on the close on Friday or first thing Tuesday morning. However, the 21st is showing up in markets globally that will be open. So whatever this is, it appears to be a confidence issue and interestingly Prime Minister May must put forth a new BREXIT proposal by the 21st."
I've followed Armstrong for some time and pieced it together eventually- some of these calls give me goosebumps. I made around 200% on his call for the low with short term options but sold early. I remember seeing the arrays for the first time in January 2018. Understood nothing except the bottom volatility portion that spiked for February. We all know how that went.