Hey all, just want to let you know that I lurk this board frequently and have been super busy with other things and haven't been able to post or comment on anything really.
That being said, the May "turning point" basically came to fruition the moment Trump made the May 5 tweet. There is something to be said about the alignment of that since he could easily claim in a blog post that his computer picked the turning point and wouldn't have any clue about tariff increases so therefore Socrates is magic. However I do still see that as a strange coincidence (which we have all seen often) and the testable part is now July. Both were "turning points" that doesn't mean May was the low and July the high. It would very well be that May is when it "turns" down and July is when it "turns" back up. In that sense it doesn't necessarily mean an absolute low or high - only when the trend is due to change. Again the INTERPRETATION is what may be wrong and not Socrates, but I don't even have a sub *shame* I get the info vicariously through this forum.
There is also common agreement here that he likes to highlight when he's right and not when he's wrong, or missed a call like the massive rally from December-Apr. It's like you're always on the fence because sometimes you say to yourself "whoa he nailed it" and other times you say to yourself "he's exaggerating". Maybe it's a bit of both. That's fine for a PERSON. The same standard doesn't apply to a SERVICE with subscription $. Again he may be actually giving you Socrates but the missing piece here is how to interpret the TIME targets.
That being said, the May "turning point" basically came to fruition the moment Trump made the May 5 tweet. There is something to be said about the alignment of that since he could easily claim in a blog post that his computer picked the turning point and wouldn't have any clue about tariff increases so therefore Socrates is magic. However I do still see that as a strange coincidence (which we have all seen often) and the testable part is now July. Both were "turning points" that doesn't mean May was the low and July the high. It would very well be that May is when it "turns" down and July is when it "turns" back up. In that sense it doesn't necessarily mean an absolute low or high - only when the trend is due to change. Again the INTERPRETATION is what may be wrong and not Socrates, but I don't even have a sub *shame* I get the info vicariously through this forum.
There is also common agreement here that he likes to highlight when he's right and not when he's wrong, or missed a call like the massive rally from December-Apr. It's like you're always on the fence because sometimes you say to yourself "whoa he nailed it" and other times you say to yourself "he's exaggerating". Maybe it's a bit of both. That's fine for a PERSON. The same standard doesn't apply to a SERVICE with subscription $. Again he may be actually giving you Socrates but the missing piece here is how to interpret the TIME targets.
Armstrong seemed right on his May call, although he kept mentioning as the main reason the EU-elections, which didn't seem to effect the markets at all (maybe even a net positive). On the other hand; markets didn't do something really special, it didn't even retraced 38.2% from the recent historic Dec-April rally (markets usually correct 4 to 10% after a 25% up move). Still would like to see a 38.2% to 50% retrace before getting back in long.
Revisting the recent ECM turning point. I have plotted out the ECM turning points using the red bullseye. That alone was close to the recent top. Thos that are calling BS on Armstrong, i think the longer term forecasts are better than the near term. Yes, some errors in commentary and with the arrays but this is helpful nonetheless. Also, add in the declining energy recently and failure to elect bullish reversals near the high was a clear sign to short. I did not take the trade as I am waiting for a low to form as early as June or maybe July. The next ECM turning point is in Jan 2020 at which point I believe gold will bottom and US equities will break out to new highs. Curious how others see the arrays and ECM turning points at this point in time?
Thanks
Thanks
Only the last time it worked with the stock market so far
