No I have not read, will read it.
Yeah dont read the original source of the material, read the interpretations made by
AnonymousCoder and others in this blog. The self proclaimed expert on Socrates.
AnonymousCoder is clearly biased against Armstrong because he ended up on the wrong side of the gold trade in 2015 and spend a lot of money on the gold report so has an obvious prejudice against him.
He is an absolute fanatic about all this and holds a very extreme viewpoint. but the reality is the truth lies somewhere in the middle. He feels like he has been cheated and has a deep hatred for Armstrong and that is his motivation for doing all of this. He is not looking at this objectively and in this emotional state he will never look at the other side.
On his propaganda website
Symbol Reversal Close Next Close P/L%
$DJI 2399720 2332746 2499967 7.2% loss
The 3rd monthly bearish at 21600 was not elected at the end of December in 2018 but elected 2 others including 23997.2. The market made an intraday low at the 21700 area in December holding the 3rd monthly bearish which cannot be argued against
I wonder how many other mistakes there are.. This is a false representation of performance. He is guilty of the very thing he accuses Armstrong of doing. Lol
Regarding the gold play in 2015
The superposition occurred at the end of the year it could not of been included in the report. It was a long term sell signal short term buy signal. Just because a MINOR quarterly bullish was elected does not necessarily mean the market will immediately go up, because we simultaneously elected a quarterly bearish as well, this play can only be confirmed by electing ONLY the bullish reversals. This is where your argument falls apart.
It is hindsight bias which "refers to the common tendency for people to perceive events that have already occurred as having been more predictable than they actually were before the events took place."
Posted Feb 12, 2016
"Gold has performed in a typical manner. When it closed ABOVE our year-end number of 1044, I stated it was not as weak as it appeared. It then started to elect ONLY the Bullish Reversals, not Bearish."
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/gold-here-we-go-again/