Armstrong claims that he is the inventor of Capital Flow Analysis. For this analysis, the Socrates service has provided from day one a geographic heat map that shows current and projected capital flow daily, weekly and monthly, projected and previous. So one would expect that this prominent feature, which is on the member home page, is at least of some value. But unfortunately, every school kid with some JavaScript knowledge can check out that the logic behind it is bogus (has been for years). If you care, get a trial membership and check out the JavaScript links. The animation effect of changing capital flows between current and projected on the same daily level comes from the error that the script swaps between weekly and daily data where you think it is both on the daily level. It is a fraud, completely bogus. The complicatedness is overwhelming, and the server back-end script that writes these automated reports produces a lot of conflicting garbage.
Thanks for the tip. I always discounted any of his Capital Flow Analysis or comments. There are no data points that he can use to track accurately on a daily basis...
As with many of areas, even if we extend some faith here, his claims that international capital (he seems to like Euros) was flooding into the US and that was propping up the Dow is disconnected from reality and industry. Unless all this capital was parked in Europe and invested in Dow tracking investments there's simply no logical case that all the UHNW investors/institutions would sell off investments in Euros, wear the FX risk, and plough it into the DJIA.