I don't get all this bashing on Armstrong. Before finding out about Armstrong, I was Austrian school of economy. Still though not feeling comfortable, because some of the things were unfolding opposite of what Austrians (or any other economic school for that matter) was preaching. And that's how I found Armstrong, this was the only guy who got the things right, regarding the aftermath of the last GFC. After I found out about him, went back on his blog, and check his previous writings. Following him for few years now, and I don't think there is anyone else close to him, who can explain economy subject better (I give Taleb a credit though). All these economy schools now appear to be Mickey Mouse comparing to Armstrong teachings.
Now, about the trading. Would I use Armstrong for daily trading, more likely that not, I would not, primarily, but rely on other trading tools. His medium, long term predictions, hell yes. And definitely would like to have access to his reversal numbers, on a bigger time scale (weekly and up).
He mentioned few times that he is writing a book. I hope he will finish it and publish it, can't wait for it.
Found this review of MA's forecasts:
https://drive.google.com/file/d/1i0gU95pkSg_oAGyxhxtQlZHkGPVkywAH/view?usp=sharingMakes for an interesting read and well referenced. He (or more specifically, his "computer") has been wrong on a number of occasions.
I am not trying to dig dirt, have met MA and do think he's a nice guy, though by no means perfect. I was considering going to the Rome WEC, but feel being sceptical of everything is sensible, which is how I found this thread. I was loathe to paying out thousands where that money might be better spent investing in equities, and especially if the ECM is only
partially correct, then I really am losing interest. It isn't worth forking out thousands of dollars for each year.
It would appear his model isn't much better than any other well researched economist who understands history and repeatable outcomes of human nature. That is something I observe daily in both work and life - you just have to know what to look for.
I do think his grasp of socioeconomic issues is world class. I truly have learnt a lot about why the EU is so flawed to potentially what might happen with Western Civilisation. His ECM called the date on the latter, I just wonder if it will be a repeat of 2015.75 and it will come to pass without much fanfare.
those numbers are all technical numbers nothing based on the reversal
System, that pdf is a joke actually trying to use the breakout-line as hard evidence what a disgrace.
Of course Armstrong has been wrong countless of times but that was simply his opinion and him speculating on what he thought might happen at that time which is of course is subject to change. The reversal system has never been wrong and if you knew anything that would be your focus.
If you think that report has any credibility you have failed to understand how this model is even supposed to be used. Armstrong said it himself ultimately my opinion means nothing, JUST PLAY IT BY THE NUMBERS
2015.75 was indeed very significant for many reasons including that fact that
Quote "Russia invaded Syria on the very day of the Economic Confidence Model, it signaled that Syria would be a focal point of this wave" "Russia gave the U.S. one hour notice before they began bombing both ISIS and rebels who were seeking to overthrow the Syrian government. It is extremely curious that this is beginning precisely on the day of the ECM. Will this prove to be the start of an international war?"
@whizzledog if its a double it will say "Dbi" which is very rare
I have to agree here. The cycle timing isn't 100% but nothing in the posted article suggested that the Reversals were invalidated. The only time the Reversals were mentioned in the pdf, they ended up being correct.