See, this is exactly the problem with Armstrong. How in the world could anyone have traded off this 'forecast'?


"The ECM turning point was worked like a charm"

"The Dow peaked precisely with the ECM, which often warns of a reasonable correction in the 20% range is possible"

2nd Feb - "We did close the week below the 28,375 level, which implies we do have a correction in progress"   THE FOLLOWING 4 DAYS THE DOW WENT UP 1,200 POINTS IN A STRAIGHT LINE



These are the facts, I'm not sorry if you find them offensive.