Quote from: CaymanJack on February 29, 2020, 02:46:38 PM

Quote from: DigiLab on February 29, 2020, 12:18:08 PM

psp777, brief, yet so useful, thank you.
Compared to the humongous garbage the other hater bozos are constantly spewing. Bozos, MA beat you, fair and square, crawl back to your holes.

Quote from: psp777 on February 29, 2020, 06:01:59 AM

Basically MA called for a correction - it came. A continued correction down to 22000-21000 if we had closed about 50pts lower on the DOW today...this is where it gets tricky - we will see what he says this weekend. Next week we could continue to sell hard to those levels.

Gold to find support around mid 1400s

LOL, beating us how exactly? He throws out waffling bearish/bullish forecasts hoping one will stick and that is one everyone clutches on to. It's a cult mentality.

Technically if you followed his advice, you wouldn't have made any money or most likely lost money. He's been bearish saying there wouldn't be any new highs yet the market kept marching higher. You most likely started buying near the highs after mythical bullish reversals being elected near all time highs.

He's missed so many corrections/rallies but hey, he finally got one right. Thanks Mr. Broken Clock.

Let's not forget, lots of people who followed Armstrong in the last few years lost tons of money because of his constant bearish commentary after the December 2018-low.

https://www.armstrongeconomics.com/armstrongeconomics101/ecm-armstrongeconomics101/the-ecm-the-market-crash/

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Here we had the NYSE, and even the Dow peaked on the ECM, but the Dow followed the NASDAQ into its high which was due in February.

Now he makes excuses that we should look at the NYSE Composite, despite the fact that he always mentions the ECM and the Dow. He of course says this after the fact. Everyone who shorted the market at the ECM 2020 date got killed with their shorts and had to buy back long positions after the beginning of February rally. I highly doubt that many shorted the market after that lesson.