Well, Armstrong says the ECM dates are not to do with trading, so it doesn't really matter how they are plotted in regards to the Dow- or the Euro or gold or anything else for that matter. Also, that chart is backwards looking. Also it is unlikely that anyone actually made any profit with ECM-Dow turning point method- I would challenge anyone here to show proof. Also, many of those points were not actual highs or lows in any case. The third one from the right, you could say it was a short term low and buy it...but could you use the same methodology before when it would have produced the opposite result? If you had shorted, it would have been a huge loss because of the massive rally. These kinds of charts are common in the trading world when it is backward looking and make it seem easy but it is all hindsight analysis and it doesn't work in live trading. I don't see any point in such a chart except confirmation bias- you can look up these kinds of charts where people perform technical analysis on the crash of '29, or the one in '87, and so on. It means nothing.

So far, the only thing that Armstrong has that might actually be consistently profitable is the Reversal System but you can't get caught in his hocus pocus crystal ball cycle ECM turning point Composite Panic Cycle stuff that he always mixes in. If you look at some of MA's posts, he mentions how some of Armstrong's long term stuff was wrong. You can't just look at the right calls, you have to look at the wrong ones too. If Armstrong or anyone else is making a claim, they have to prove it. Lack of proof is not something in the favor of the one who claims, but the burden of proof is upon the one who makes said claim. You also can't make up your own methodology outside the scope of Armstrong's claims in order to fit something that may or may not work- if he never advertised it to work a certain way, why would anyone follow it when there is something else claimed in a manner that was to work?