Market is closed now for the month February.
So that is the February PANIC cycle. Not an outside month vs January. Market advanced by like 4% in 1 month, instead of having some selling or buying panic.
So, shall we add that to the endless list of failed forecasts from Armstrong? Or rather, nobody is keeping the score, but just remembered Armstrong's home runs. Armstrong likes to try for all the home runs, and no one (including myself) remembers all of the misses that he had, but the followers of his forecast are sure to stuck with the losses in the account. Hitting home runs are great, because if you hit them, people remember that, and if you don't hit them, people don't really remember them either.
I won't call February a consolidation (of gains made in January) either, which was another guess attempted by Armstrong (or his AI).
Making a call for a PANIC is some strong words, wouldn't you say? And that sounds like a really good profitable opportunity, IF it were true.
But Armstrong won't count this error for sure. Out of thousands of sentences that he continuously writes about the market, he will surely pick the 0.5% that hits the bull-eyes, and then tell you: see, I told you so.
And what about all the other misses, and the money lost? EASY, it's because you are a public reader, and you didn't subscribe to basic membership, or it was in the premium membership level, and you only paid for the basic, or it's in the professional version, but the work is in progress, and will soon be made available, or guess what, you didn't pay to attend the $3000+ ECM conference, and Armstrong supposedly said that in the conference (well, that particular hit, but probably including 1000 other misses said in the conference), or it was published in one of the many arcane reports, and that you just didn't bother to buy it.
Or rather, most commonly, 5% smart traders from the general population, "interpretted" Armstrong's ambiguous words in exactly the right way, and made some profits from Armstrong's words, while 95% of the general population, simply couldn't make any sense out of his cryptic blog, nor picked out the right profitable opportunities.
As long as Armstrong keeps his words ambiguous, and keep his audience to bet on both sides, he can ALWAYS find some successful subscribers who bet on the right side, "emailing and congratulating and thanking" him for the "precious" info.
Great job done by Armstrong!
I'm still waiting for the 2019 Great Plague to come. Only two months have passed this year so far, but everything is "CYCLE" to Armstrong, and according to his literal words, 2019 is the final CLIMAX at the international level for THIS great plague cycle, which should have been compared to the cycle of the Black Death that happened.
Wow, wow, wow. I'm sure his words back then must have grabbed all readers' attention. And now, barely any people would remember his old forecast. But, wait, isn't his AI super-computer can forecast all global events, including earthquakes, weather, economics, and observe all the cycles, and such big events would have leave their indelible marks & influences on the economics & society??? AND of course, the AI computer predicts all the wins & losses of Superbowl, elections, and also 8.6 year ECM cycles apply to any individual businesses as well.
Okay, sorry, I'm just puking at this point. I just can't repeat more of his grandiose claims.
Could some generous person from this forum, go to register at the straightdope.com, and post a link from here at this thread:
https://boards.straightdope.com/sdmb/showthread.php?t=694414I tried to do that, but the auto-screener that prevent spammers, somehow blocked my registration, possibly because I tried to use MA_scam as my username (and maybe their system thought I'm scamming. I got smarter, and so I used MA_talk for my username here).
That thread pops up as the 3rd Google Search result, if you google search "Martin Armstrong fraud", and some people who actually went to the conference posted their review.
I continue to keep an open mind on Martin Armstrong, and I continue to be willing to listen to the other side. An open mind ALLOWS the possibility of someone being wrong, but the chance to correct that wrong view, even when that possibility is extremely small.
But on the other hand, one must view the matter in question objectively and scientifically. Collect and gather evidences, and repeat experiments to collect high-confidence results. I used to think MANY times in the past that I must have interpreted Armstrong incorrectly. NO, not really. If you focus on his key terms that cannot be interpreted any other ways, such as Panic cycle, Turning Point, etc. and try OBJECTIVELY examine the results, you would find that time after time, Armstrong's "prediction" record, is more like throwing a coin, and guessing head & tail.