Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
bikefront
on 22/05/2019, 20:36:50 UTC
The problem with Armstrong's stuff is lack of objectivity. So however much academic value/trading value it might have, it doesn't matter because he does not give concrete claims until after the fact has already passed. His work simply doesn't matter.

I will be getting a little extra time next month, so perhaps I will be able to make a spreadsheet of Reversal calls at that time so we can view them and see how they have done. The arrays will not be used, because as much as Armstrong claims they are objective, they are not, and his claims are not, and they are only backwards looking when he says he was right,  and even then they do not work a high percentage of the time. We have already established that to pretty much a consensus on this forum.

I think we all know by now that the reason no one has posted consistent Armstrong related gains is because they just don't exist. Pretty much the only people using Armstrong's stuff are newbies drawn in by the wild claims, but then they leave after seeing it doesn't do anything except add to losses. Apparently, old timer users aren't posting their performance so I assume they too are not doing well, or at least they aren't claiming all his stuff works. You can trade for years and still suck at this game- not a shame, as not everyone can pull it off, it isn't easy- but repeating the same mistakes over and over and following the same non-profit strategy is not good.

Here is the Dow intraday chart over the past 10 days: https://i.imgur.com/FcQXpzz.png and I drew all these lines in 2018 without the aid of any special computer, only technical analysis learned over the years. It blindly picked the high or low of the day around 80% of the time. So even even adding a basic semblance of a positive EV strategy to it does well. Learning how to trade will do better than relying upon some mysterious force. I don't even know why people are still following Armstrong when they can't even prove his strategy works. He is just a waste of time and money.