Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
bikefront
on 14/05/2019, 01:11:43 UTC

It really is the reversal system first, then the array and last is the GMW which is usually wrong especially when trading the reversals in reverse. The GMW is only pattern recognition nothing more.  With the GMW it is more accurate on the longer term trends than the shorter term so monthly and up.


Doesn't sound like Armstrong above, he always states; Time first, then Price.  I don't think he'd say the opposite on this forum? Where are the typo's? Cheesy

But then he did write this:https://www.armstrongeconomics.com/future-forecasts/trading-by-systems/
'..The Reversals are the best tool, and then the cycles help to hone in on the turning points. The Global Market Watch is a pattern recognition model so it is really an alert system that tells you to the look at the detailed reports. We can judge the magnitude of possible moves by looking at the gaps in the Reversal system...'

https://www.armstrongeconomics.com/products_services/socrates/global-market-watch-window-to-the-world-interconnectivity/
"..The Global Market Watch was originally designed for hedge fund use and was inspired by one of our major institutional clients back in 1995. They did not have the time to read a written report on everything in their portfolio. They wanted a quick cheat-sheet that was visually a view of their portfolio. We use to sell this for $250,000 annually...

https://www.armstrongeconomics.com/armstrongeconomics101/economics/the-coming-contagion-cds-sales-double-from-2016/
"..The Global Market Watch shows you the entire world at a glance. This is the best tool that shows when a CONTAGION is starting for it is monitoring everything that moves.."

https://www.armstrongeconomics.com/armstrongeconomics101/training-tools/using-the-global-market-watch/
'..We never buy or sell on this model since it is ONLY an alert and thus a confirming tool. Reversals and Arrays are the only forecasting methods that provide price and time. Th GMW is just an alert which is better on some more developed markets than less traded instruments. It is also more reliable on the higher monthly time levels up to yearly for there the patterns are less complicated.. I have always found the long-term term easier to see than the short-term...'

Armstrong has stated time before price and price before time. Both ways. For example, he says NEVER trade in anticipation, wait for the reversals to be elected to show you the way. Then he also states the running out of time trades to trade against the Reversals.

The GMW could just tell us when large gaps are in addition to/instead of GMW patterns. Because we only need large gaps, not the other stuff.

A lot of traders can instantly read a chart at a glance. They wouldn't need a GMW, particularly not when it changes frequently. Also, if a lot of stocks are changing eg dropping hard ala contagion, this is just another way of saying that stuff is correlated. Market beta, if you were. I'd like to know which institution(s) bought the GMW for $250k. I never heard of a single one paying that much for Armstrong's stuff.

Armstrong says he spent over $100M on his system but I'd like to know how he managed to trade his way up there to do so. His site also suffers from bugs and such, as many can attest. I don't have proof of this anymore (it might be in my album actually, but its a huge album), but when I was on reddit, a guy was PM-ing me Daily level arrays well before they were out in the Pro version. He hacked it to get to them. He told me that they were in the system but just hadn't been available to the end users yet. They were changing frequently back then too. If I find it, it will be dated, and thus PROVE Armstrong's so called $100M system has a 2-bit cheap security system. Maybe because it really is cheap in the first place.