Quote from: Kiwibird on May 14, 2019, 04:31:27 AM

Quote from: bikefront on May 14, 2019, 01:11:43 AM

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.

Interesting! The proof is in the pudding as they say.

He's oft talked about big trades he's handled - https://www.armstrongeconomics.com/armstrongeconomics101/warning-about-people-soliciting-money-for-trading/
'When I shorted the markets for the Russian collapse that manifested into the Long-Term Capital Management Crisis, that was easy to initiate. The hard part came when to take profits and reverse. I sold $1 billion against the Yearly Bullish Reversal in the yen at 147 and had to cope with a contagion that hit every market contrary to all fundamentals. It was a liquidity crisis so everything was sold without logic.
The Japanese yen fell to 103. I covered all my shorts in everything, flipped, and then left the office. It was a gut-wrench trade for I was truly alone. I put in my stops and it would work or not. Very black and white. This was a discipline that I knew I had to walk away and not second guess myself, which would be a disaster. The market would decide. The New Yorker Magazine reported:
The hedge-fund manager who used to work for Armstrong remembers him coming out of his office in September, 1998, two months after hed got short in front of the ruble crisis. Monica Lewinsky was on TV. My oscillators just turned, Armstrong announced. He booked his profits, pulled out of the market, and went to his beach house, on the Jersey Shore.

You would expect for someone like him, he does NOT need to lie about his office:
https://www.armstrongeconomics.com/armstrongeconomics101/new-offices-are-just-about-completed/

---------- from the above link ---------
We have been constructing new offices and we are scheduled to move in December 1st. We have included a room for video. We will be doing more videos on current market trends as part of the Socrates Project. We will begin to launch the higher levels of service as quickly as possible following our move. We will let everyone know as soon as we move in.
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When IN FACT, he is just TIME-SHARING the office with others in all likelihood, as shown by trulycoined.

And you would also expect for someone like him, he does NOT need to make up all the readers' comments, when his readers make such flagrant typos that he himself can understand and look at the typos without any problems. (From my previous posts)

And you would also expect for someone like him, he should have been at least one billion dollar net worth, decades ago, and yet Forbes doesn't report anything on such.

And you would also expect for someone like him, that he claims he had speech recognition fully working back in 1980/1990, that he could have earned incredible amount of money from that alone, and make the world better, when in fact, he is most likely buying off-the-shelf systems from Dragon dictation, or using Siri from Apple or Google.

GIVEN the above lies, it makes me question ANY CLAIMS from Martin Armstrong. He can make all the flamboyant claims, but if it's not backed by solid proof, I hesitate to believe in him.

That is especially given all of his flip-flopping records of using Cycle Inversion, making up numbers as he goes with 8.6, 3.14, 3.1, 8.615, and two different ECM dates of 10/1/2015, vs 10/7/2015, in HIS OWN writings, (and yet it's "accurate" down to the day), etc.

One can empty-talk all the way, but words are just words.

And honestly, I must say that Armstrong should really get an Award of Con Artist of ALL TIME, given his record of sustaining all the lies of ECM, and the lie of super-computer and AI from 1980, when there was PHYSICALLY impossible on Earth to provide him that much computational power.

He is one of the kind!