my real point is he appears so long term oriented he missed a great multi-month rally (GDXJ 17 to 52) last yr and appears to be doing it again
I hear that! ;-)
NUGT moved from $3.45 to $35.50 and back to $5.50.
That's a lot to miss.
Did he miss it? I do remember in early 2016 MA said his key bearish reversal number had not been taken out, therefore suggesting a rally was unfolding. Unless you subscribe to his service you don't know for sure what he is advising on a daily basis. Remember that last summer he was warning gold was headed lower again after it did not take out his key bullish reversal number of i think $362. Of course he (and maybe his AI computer are not perfect) who is?
I do know that futures broker and chart technician Ross Clark in Vancouver told me that nobody can keep up with Marty, Clark followed him around for a few months in the 1980's. I also know that Art Smolensky - owner of Global Futures Corp. said he rejected Armstrong's services because he could not produce an industry standard results document showing what kind of returns he was achieving for his advice.
He was however awarded the hedge fund trader of the year award after his pi model called high in the sp500 to the day on July 20, 1998 and smarty Marty shorted thousands of futures contracts on it until it went down about 20%. There are not many traders that have studied computer science and programming who also went on to build an artificial intelligence computer that predicts markets and also political events like the break up of the soviet union for example.
Of course Da_Cheif smeared Armstrong on his silicon investor site, he does not like to admit anyone could know something he does not.
Edited by Russ, 17 January 2017 - 11:39 AM.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/