I once messaged and had my post on his blog. It had a typo, so I wouldn't go so far as to say he did it. There are always some people who will lavish praise.
There are certain setups in the market where several scenarios can go, and if it does go to the scenario you envision, then the subsequent action can be estimated with a very high degree of accuracy. The easiest is what I'd call a double bottom/double top breakout. So if the market makes a double top and then breaks through it, when it falls back down on the tops for the first time, it becomes a support level. Same thing for double bottoms on the downside resistance. It is more accurate on indexes. I actually did this today and was off only 9 cents from the Dow's low the first time it touched. What's interesting is that I envisioned this possibility last night, IF the market gapped up. It did, and I just waited for a dip to buy at that point.
Could be he types the questions over from another computer and that explains the typo's.
But still funny that he only posts very positive emails from readers, while he seems to be wrong on multiple occasions in at least the past 6 months.
His predictions are usually very vague. It's always "Could be a low in May, but it also could be July, but if it isn't July it could be August. And if Jesus doesn't return to Earth by November the low could be in December.". Wtf is that all about?
His Arrays are also hilarious. There are so many indicators on them you can interpreted them all the way to every planet in the Milky Way.
Ok, so the private blog post from March 19 is not very useful IMO.
I can summarize main points:
1. Nothing suggests a major crash
2. Does not look like we are ready for new highs
3. Going into recession until early 2020
4. May and July are two targets. The plausible scenario is DOW low in May and high in July. No specific numbers but we may not even elect a weekly bearish to make that low.
5. Preparing for a slingshot move. Bear trap first - majority needs to be wrong - and then quick upside move.
No arrays or numbers in this post at all.
Thanks.
I totally don't understand why Armstrong keeps talking about a slingshot, while we JUST had a bear trap and slingshot in de past 3 months (20%+ move in up and down in the S&P). Sounds like Armstrong missed the party. What is this all about?
Anyone info on his latest private blogpost from today?