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Additional, one of the main Reversals features is that they change dynamically if the market make new highs/lows in next time units, so without forward looking capacity from a future teller or something that enable to confirm on the present that in the future the Reversal level will remain valid, it have limited use to trading/investing, specially the Monthly reversals which up to 1 month after election the system can come-back and change the Reversal level or cancel the election or simple change from Bullish to Bearish reversal election (as it happen recently on Crude OIL market). If your broker don´t allow you to change a entry made 1 month ago, you better of not use Reversals as standalone investment approach).
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Some of these contraptions are called superposition events, and they are a fraud. I wrote about them before.
It is real fun to read this being confirmed by multiple parties. It is trickery. There are so many ambiguous escape hatches in the reversal system, that will make it appear successful in hindsight after having borrowed information from the future. These tricks have been exposed here thoroughly, and this alone is sufficient to discredit the system. Based on the rules that Armstrong has published, the system cannot be used as a successful trading tool, and it is not possible to test the system based on these escape rules, obviously, because that would perhaps result in a 100% success rate.
Martin Armstrong is a charlatan, and he spent 11 years in jail for a reason.
Read this blog
starting at page 273 to find out more about computerized fraud.
See
armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog.