Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
psp777
on 28/12/2019, 16:59:23 UTC
@psp777

yes I have access to the private blog. He called for a low in the Dow in 2018? Still looking at 2019 posts, haven't found it yet. Moving on to 2018 posts.

Update: still haven't found a clear indication claiming for a 2019 low in the 2019 and 2018 blog posts. I may have overlooked it, but he seems bullish and said a bear market is only confirmed with a monthly closing below 21600 for the dow.

Armstrong called for a retest of the December 2018 low multiple times in 2019. Every turning point that we should have dropped lower he called it an then called it a cycle inversion when it didn't work out. This was multiple times on the blog he did this. As a result, I canceled my subscription because this retest call kept me about 40% out of the market.

Armstrong only started to change his tune a couple of months ago or so saying we could rally into the ECM date then we could expect the opposite thereafter...when before he said we would sell off into the date. Again cycle inversion stuff.

He has said there wasn't enough energy in the market for a large sell off which contradicted his re-test calls. But now he is calling for a 20% drop?


I know everyone wants a guru to tell them when to buy and sell and to make riches, but it's not going to happen.