An Armstrong proponent here said that we would make a high before turning down last week, because of last week's panic cycle. It was an inside session and did not exceed the high or low.
Armstrong's calls are ambiguous. If you consistently follow his calls, your account will trend- or in most cases, drop- towards zero. He makes a call and different people have different interpretations, as shown multiple times on this forum. So you can't even say he was right. No one ever proved that Armstrong was consistently correct, whether it be by calls beforehand, screenshot evidence of a trade account, or whatever. I find it ironic that Armstrong calls people out for things that he is the greatest hypocrite of. Being a 'real' trader, going against the baddies, his takes and escapades. He lives in his head.
How dare you to criticize the ultimate forecasting prophet Martin Armstrong?
First he said the stock market would go down in to the Economic Confidence Model low of 2020.
Then he said it could be the high (after missing a 30% rally), and that the stock market would correct 20% into Q1 of 2021.
Then the Dow elected a weekly bullish reversal the week before the ECM 2020 turning point, and that we first would test the 30k level on the Dow, which didn't happen.
Then he said it could be the ECM 2020 turning point wasn't really about the stock market, but about a government change in Russia, Syria, Climate Change, Libya, the Coronavirus outbreak, etc.
Then he said last week in Greg Hunter's interview that it's just a small correction, and new highs thereafter.
Now today he touts on his blog that his ECM 2020 date correctly picked the Dow's high and that it's a major high, despite the ECM 2020 turning point being a low on the graphical ECM chart.
I absolutely object all the critisism that majesty Marty's amazing calls are ambiguous!
And besides, he said at the ECM turning point 2015 that the new wave into 2020 would be about interest rates going higher, which wasn't the case at all.
