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.