The way to use the model is the merger of Reversals and TIME(array)
Can you elaborate this? How to "merge"?
Thanks!
Before he replies, this has been answered before in so many threads that I can summarize past responses easily as follows (sorry):
If the reversal was good in hindsight: Without turning point, no worries. With turning point in the array we say the turning point was a cycle inversion.
If the reversal was bad in hindsight: With turning point, we say the turning point negated the reversal so it was your fault if you traded it. With no turning point, we look into arrays of the next lower and next higher time frames and we will sure find a matching turning point so again that turning point negated the reversal so it was your fault if you traded it. If all of the above is not true than we will sure find a nearby major reversal in the current or higher time frame that was just not elected, so we say that all 4 reversals need to be elected for a change in trend so again it was your fault that you did not consider this. If all of the above does not hold then we will surely find an elected reversal on a lower time frame so we should have traded that and should have exited the failed reversal trade at the same time, generating a net profit. If all of the above is still not sufficient to explain the failure of the reversal, we employ the rule that a reversal trade duration is between one and 3 time units and you traded the wrong number of time units. If again all that failed to explain the failure, then perhaps you did not exit the reversal when the price level of the next reversal was reached (which could happen within a fraction of a time unit not just between 1 and 3).
This view is numerically backed up by the fact that on average, the number of turning points in an array is usually quite high relative to the number of columns in it, so if you use multiple time frames then you are likely to find a turning point in any given situation.
To sum it up: This designed ambiguity makes it extremely easy for Armstrong to follow the above script and always claim that the system is right even when the reversals fail, which they do in 50% of all cases.
It should be fairly obvious that these complex decisions cannot be made in advance because the future price movement is not known ahead of time. If we wanted to execute the complex rules without knowing the price ahead of time, then we are faced with a dilemma: The rules contradict each other, and there is no mother of all rules that would tell us which of the contradicting rules applies in any given situation.
Martin Armstrong is a charlatan, and he spent 11 years in jail for a reason.
Read this blog starting here to find out more about computerized fraud.
See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog.