I have found the last couple of days' discussions very informative on here. A huge thank you to all that have shared. A few take aways for me at this point in no particular order:
1. GMW useless for trading
2. Arrays confusing as crap for everyone as sometimes they are 'right' sometimes they are dead wrong and sometimes what was to happen doesn't and is called a cycle inversion. Therefore unreliable for trading. More of a confirmation tool or a heads-up ...something may happen tool
3. Most important information for trading is the reversals
4. You can trade against the reversals long or short, but if elected the trade should be in the direction of the reversal with a tight stop above or below the reversal depending on the trade direction.
5. Daily reversals are mostly just noise, but at times have offered support and resistance levels
5. Weekly and monthly levels are more important.
6. WECs are overpriced and are a repeat of his blog posts
7. Private reports are overpriced history texts with little information offered for trading.
8. Armstrong does cover both sides in blog posts as he states if this then that, but this may happen too.
9. No individual on this forum can prove consistent profitability using Socrates
10. Socrates pro level is expensive and to add several individual equities is costly.
11. Recent and past private blog posts have been outright wrong with regard to timing calling temp tops/ bottoms, etc...
12. Socrates missed the up move from Jan to April - how? That was a massive move.
The list goes on....But I'll stop there for now. I have more questions than answers.
I have a video of a German guy explaining the reversal system form the VOD WEC a few years ago. Nothing special, most has been discussed here, but I will try to locate it. I do remember audience members asking ridiculous questions and not having clue about trading - as it appeared. It was once posted on the Vimeo site but I believe has been removed. I must have it on some drive somewhere.
What is frustrating to me is the concept of buying and selling against the reversals. If we look at the spread in the DOW right now there is about a 1400 point gap between weekly bullish and bearish reversals. This equates to a between 4.5-5% move.