i'm not a trader in any sense. But I use Armstrong as a macro road map and i'm in the green because of it.
If i'd listened to someone like Jim Rickards who wrote The Death of the Dollar years ago and pushes gold all the time, I'd be in the red for sure.
@Kiwibird, and @over45,
I don't know how many Armstrong followers out there, or how many people are on this forum, but let's just pick a number of 10,000 people, which is probably an under-estimate.
So let's say if you just flip a coin 10,000 times, how many heads do you think you will get? Well, about 5000.
I can tell you right now, that out of 10,000 people that follow Armstrong, the people who are in green, and who makes quite some profits, will NOT be zero. In fact, there could be easily 15% of them, or let's say 1500 people.
But making a statement that yes, I'm in green, or that it was good for me, is NOT proving anything at all.
That's just like saying that if you flip coins, you are going to get some heads.
The fundamental problem with Armstrong's stuffs is that he always resorts to cherry-pick the good results. You need to scrutinize on EVERY SINGLE statement, array, or every metric that Armstrong publishes.
WHY? Because you need to know whether the model is producing a profit.
If I trade with hindsight, WTF, of course, I know statement #3 out of 100 statements from Armstrong was so correct, and I missed a big profit. But what about #4 to #100, and #1 and #2?
You canNOT make any profits from hindsight. The ONLY way to evaluate statement#101 from Armstrong is to evaluate the profitability of statement #1 to #100, and see if on the average you get a profit.
How else are you going to know whether you should make a trade based on statement#101?
I did my own due diligence, and I have concluded that Armstrong's timing array does NOT work in general. I will not argue that there are times that his array DID work, but what's most important is whether it works above average to enable you to profit consistently.