Quote from: DanB1 on January 09, 2020, 11:46:45 AM

Quote from: 555Many on January 09, 2020, 11:05:52 AM

Quote from: DanB1 on January 08, 2020, 04:04:33 PM

Thanks Parisboy.

Currently I'm mostly interested what happens around January 18 ECM.
So far I have been long this market big time and where I would normally haved trimmed some around end of December I decided to see if we would rally into this date.
So far not much is happening but I'll wait and see. Gumbi has send me some information and numbers and I keep a close look at it.

If indeed a big top (for instance going towards 30K in DOW) is created around the ECM with a year long draw down then that is a nice call and I will trade it.
If nothing happens I myself close the book on MA and move on.

he sent them to me also, and I am excited to see. I still dont' understand how the forecast can be proven wrong.

What he basically is saying now is: a high around Saturday January 18 (week before or after)= turning down 20%+ into Q1 2021. Only if US share markets make a low on the ECM we would rally in 2020 once we take out 2019 high.
For now, taking out 28.971,94 on a weekly basis could mean going toward 30k.

So he means either a big low or a big high around the ECM. Looking at yesterday's price action, a low seems hardly possible anymore.

Thanks.

But we're already have taking out the 2019-high on the Dow, S&P and Nasdaq.

Quote from: blinder007 on January 09, 2020, 10:54:13 AM

I think MA has been doing more damage to Investors than any of the other bad Advisors
(I think even worse than Bob Prechter and that is almost not possible to beat).
I was stumbling over his writings in the 90ties. And read some of his stuff over the years until the release of Socrates.
Thank god I did not listen. I use my own system. But always interested in new ideas and developments.
What I can say is, he was never right a market at the right time.
Examples:
Gold: All the way from the bottom in 1999 to the top in 2011 his comments: No bull market, no breakout yet, not now only when it goes above 2400 US/oz bullish. It rose 700 %
US and other stock markets: did not recognize the bottom in 2009, then calling for lower 2011, 2013, then the end of the world in 2015 (always predicting a Slingshot move first down then up).
(That move had happened 2007 2009).
Then the bullshit report End 2017: How to trade a vertical Market? DJ almost at 25000 (after almost 8 years of vertical market rise). After his report almost 2 years of sideways high volatility gyration between 27000 and 21500. And in every reaction, panicking and calling for even lower lows.
Good luck with that.
Interest rates, housing markets : 100 % wrong
Bitcoin: at around 2500: Almost daily reports like: no bull market, Government wont allow it, blablabla. Next thing: parabolic rise to the 19000 area.
And his Socrates is 100% crap. The software of the so called AI written reports is most probably written in Cobol and unbelievable stupid. In any timeframe you can always find on the report justification to buy, sell or be flat.
Always wrong any market. And by law he is forbidden to give Financial Advice or manage other peoples money.
And here his case:
Martin A. Armstrong, the founder, chairman, and owner of Princeton Economics International Ltd ("Princeton Economics"), an unregistered investment adviser, appeals from the decision of an administrative law judge. The law judge barred Armstrong from association with any investment adviser based on Armstrong's conviction on a single count of conspiracy to commit securities fraud, wire fraud, and commodities fraud and his injunction from violation of antifraud provisions of the federal securities laws. We base our findings on an independent review of the record, except with respect to those findings not challenged on appeal.
On August 17, 2006, Armstrong, then fifty-six years old, pled guilty to one count of conspiracy to commit securities fraud, wire fraud, and commodities fraud.1 The district court sentenced Armstrong to sixty months' imprisonment and three years supervised release, and ordered him to pay $80,000,001 in restitution to sixty defrauded customers.
As part of his guilty plea, Armstrong entered a sworn allocution admitting to and describing his crime. In his allocution, Armstrong admitted that between 1992 and 1999, he sold promissory notes issued by Princeton Economics subsidiaries ("Princeton Notes") to investors, mostly Japanese corporations. Armstrong, through his agents, represented to the investors that the proceeds from the sale of the Princeton Notes would be held in accounts at Republic New York Securities ("Republic") and that those accounts "would be separate and segregated from Republic's own accounts and would not be available to Republic for its own benefit."
According to Armstrong's allocution, after he suffered "some millions of dollars of trading losses," he decided "not to disclose to investors that . . . substantial losses had been experienced in this trading of futures. And we did not disclose it." Armstrong also admitted that his concealment of his losses went beyond non-disclosure: "letters were sent by my company to investors concerning how much money was in fact in the accounts assigned to them. I . . . did send out those letters, even though . . . I knew the amounts in the accounts were less than the letters stated."
So you want to send cash into the hands of this convicted felon, that looks like a slimy used car salesman who cannot write a sentence correct? Think twice.
Roger and Out.

Nice analysis. Can't Marty hire you for the opening ceremony of his next conference just like Ricky Gervais was at the Golden Globes?