Hello Gumbi
"We should see a new high next week which could be as soon Monday with a decline thereafter into the week of the 18th(TP) which should be a panic cycle to the downside. a lot of these moves will be determined by the reversal system, so as long as the Dow does not elect its next bullish reversal at 24765,
the market should decline into the the week of the 18th.
The 2nd quarter is a turning point so we either have to make new lows or close below the 1st quarterly close. The intraday low may occur in May, with June being the lowest monthly closing."
Thanks for the update. Will be watching those numbers.
Any word on a time frame for when the major slingshot move up might occur and if it might be connected to the potential low created following the 2nd quarter turning point?
Fred
Slingshot here. Slingshot there. Stock market slingshot. Gold market slingshot. All sensational.
If Armstrong can EVER predict anything, why doesn't his model predicts anything AHEAD of time, and just tell you clear buy/sell signals which can easily be evaluated for its performance. A million lines of software code at the end of the days MUST make buy/sell decisions for trading to make money. Maybe, should, won't do.
But NO, Socrates will NEVER tell you that. Then Armstrong "interprets Socrates". Then Gumbi interprets Armstrong. Then Digilab interprets Gumbi, or answer his own vague questions. Then the readers fall for the answers and continue to subscribe. If ANYONE in this chain makes any mistakes, it's their own fault, because Socrates is unemotional and by default doesn't make any human mistakes. Well, sure. How can any algorithm or person make any mistakes with hindsight?
One must wonder why after almost 400 pages of this forum, with some hedge fund managers here, and still NOBODY found the magic trading formula. (Well, maybe the emperor is naked, and maybe there is just no magic trading based on Armstrong's.)
Why hasn't Armstrong made billions like Bill Ackman during this crisis? Oh, because Armstrong said that it's just a normal flu, duh?
https://www.armstrongeconomics.com/international-news/disease/why-exaggerated-nonsense-on-flu/That is a colossal mistake. Nor did Socrates see the biggest panic in crude oil history, going negative.
https://armstrongecmscam.blogspot.com/2020/05/armstrong-failed-to-predict-crude-oil.htmlThe whole world is all connected, and Socrates supposedly tracks all financial markets. It's sufficient to show that Socrates doesn't work, with just prediction failures in crude oil market. If one piece of puzzle is wrong, there is no way that Socrates can assemble the entire picture correctly.
Oh, but it runs in DOSBox (as shown in the photos from above link), dude! MSDOS program apparently, not on super-computer.