Socrates is not meant to be used like that at all. See this guide: https://imgur.com/a/XjmXL written by a reddit user. I remember taking it seriously after he was the only one who had posted proof of entering a short position through deeeeeeep OTM puts just after the late January gap down. Arrays are posted on the Private Blog
How much do you pay for it?
Im interested to see what he says about FAANG - is the bubble bursting soon?
Only 15 bucks a month! FAANG is not bursting anytime soon- in fact, it elected all 4 Bullish Reversals in March when it made new ATHs, and said therefore it would make new highs in the future. Lo and behold, new ATH's in June even in high volatility. In the long term it says that all the indices will reach new ATH's in a tremendous rally in the 2025-2026 period and we are not even close to being overbought (based on a different method based on worldwide relative capital flow. In any case, I am just trading on the weekly level so I don't care if he's right or wrong about that; things can change as it comes). It says that for now, we are just generally consolidating and we need to have patience. July is a Directional Change month as well as high volatility where the Dow might see a new low, where it might be possible to buy against the Monthly Bearish but we may still see an August rally. September has a high volatility reading so we may see a big drop if we rise into August. In any case, there is absolutely no indication yet that we are getting into a prolonged downtrend or recession at all. I don't know how many have been reading the Private Blog, but the arrays have been incredibly on point. As for Bitcoin, he says we may very well see a July low and bounce afterwards, even though he is not a Bitcoin bull as I understand. I have not seen [Suspicious link removed]ays though. The week of 7/16 sees some kind of high in the Dow. The week after has a high volatility reading and the week after that (7/30) seems like we can hit a low (intraday OR closing basis) in the Dow into another turning point. Therefore, my play would be to just wait until I see a high during the week of 7/16 as confirmation that the arrays are working properly, and then short on some kind of major resistance point (it does NOT need to be against a Bullish Reversal; it could be 'Key Resistance', for example) and then close it ideally on the week of 7/30. However, I trade options over futures so I'd prefer to close earlier due to theta; entry via nearest monthlies or biweeklys and close the position on a big drop is how I like to trade with those. I do believe the next week is likely green although entries are generally best on turning points themselves. If you read the recent Private Blog, he specifically said that critical support for gold was 1257 and if that gives way, the next point is 1238. I actually did play that one, because the arrays showed we still had time for a low. We were trading under critical support at the time. Gold dropped to a low of 1238.8- less than a point off the predicted number. I see this often. So, if you want straight buy/sell signals, it won't work, but if you piece together how the price points and things work, it can generate amazing results. I'll give you another recent example, please pull your charts out. Armstrong said we had a Directional Change for the week of 5/28. We had been consolidating in a range at that time. This warned that any breakout of any kind before that time was suspect- we indeed did see several false moves to the downside (armstrong mentioned several times in other posts that this provides fuel for the breakout in the opposite direction. You can also see this phenomenon in gold when it was at 131X and silver then it broke the downtrend line but did not close above it, trapping people in a bull position. That was when the metals dropped. I made tons off that short) before we made a breakout upwards. This uptrend lasted until the next turning point, which was 6/11. That was indeed the week we saw the high. You know the rest.
Hi bikefront,
So you think the DOW will be able to close above the weekly bullish at 24876? The composites were going up pointing to a turning point last week but price never made a lower low, not intraday or a close and actually closed bullish so timing wise it is confusing, wouldn't the bullish close last week mean a low this week following the arrays? or did the election of the bullish weekly make it move higher for now but there could still be a chance for it to close low this week?
I agree with you on the EURUSD to, I am waiting for price to reach the bullish reversal at 1.184 to sell off it.