... I am also a little bit impressed of the combination of 18.01 and what wee see after that... but if the market continues to move downwards and go far down, he had a hell of a luck calling it on the 18.01.2020.
Anybody knows when he first published the ECM-date of 18.01?...
The problem is, he (or his "machine") never did call the market on this - MA explained the ECM was predicting an
economic downturn, and in his own words, that had nothing to do with individual markets. Back in 2015, he explained of the run up to 2020.05:
"We are looking at an economic crash – not a market crash. As government implodes with the Pension Crisis, capital shifts from public assets to private. This is a process that is not instantaneous, it is an ongoing event that will worsen now into 2020 and it will not end until this Private Wave peaks in 2032."https://www.armstrongeconomics.com/armstrongeconomics101/understanding-cycles/2015-75-was-just-the-beginning/Not sure what did worsen up to 2020.05, unless it has been kept well hidden from everyone? Most major asset classes, jobs growth, wage growth, PMI, etc in the West has been strong through that period. There was no major economic or financial disasters, nor even a recession.
In other blog posts in recent years and even months, MA explained the period from 2020-2024 would be inflationary:
"But generally, the next wave of the ECM business cycle should be an inflationary one."https://www.armstrongeconomics.com/armstrongeconomics101/ecm-armstrongeconomics101/the-next-cycle-in-the-ecm-beginning-january-2020/"The killing of Soleimani... is the precursor to the turn in the ECM which is due January 18, 2020. This should contribute to the inflationary cycle ahead."https://www.armstrongeconomics.com/world-news/war/iran-the-cycle-of-war/"This next wave should be inflationary."https://www.armstrongeconomics.com/armstrongeconomics101/ecm-armstrongeconomics101/the-great-alignment-2020/He repeated the same thing at the 2018 WEC, where MA explained commodities would see a bull run through the specific time frame of 2020-2024, therefore go long on CA/AU stock markets and CAD/AUD, which are the most sensitive major (Western) markets to the commodity cycle. Divest out of USD and the Dow.
So if you think 2020.05 marks a major downturn in the global economy and therefore major markets like the Dow, then you have tacitly confirmed the core criticism of MA:
His ECM is totally open to interpretation - quite likely because it is flawed or a hoax - and for that reason, it is impossible to trade from.Case in point: despite MA continually explaining 2020-2024 would be inflationary, you are claiming that your interpretation is that it will be deflationary. That is not what MA has ever written or spoken about should you review his blog (see examples above - more exist over the years), or if you have ever attended one of his WECs (I have, in 2018).