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What's up Armstrong


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#1 relax

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Posted 22 April 2007 - 07:34 AM

Is this the first time that the direction of an Armstrong turning point was reversed with a new high just two months after the turning point? Furthermore is this the first time the turning point was not followed by a +10 per cent move? Next turning point is set for march 2008 - the previous turning point turned out to be a move down - does this mean the next turning point has to be a move up? A lot of questions - it seems like a lot of rules are currently being mocked I guess da boyz are just doing their job

#2 da_cheif

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Posted 22 April 2007 - 08:01 AM

Is this the first time that the direction of an Armstrong turning point was reversed with a new high just two months after the turning point?

Furthermore is this the first time the turning point was not followed by a +10 per cent move?

Next turning point is set for march 2008 - the previous turning point turned out to be a move down - does this mean the next turning point has to be a move up?

A lot of questions - it seems like a lot of rules are currently being mocked

I guess da boyz are just doing their job




RULES?????....what rules?... :lol:

#3 relax

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Posted 22 April 2007 - 12:09 PM

;-)

well the rule for armstrong's turning points have been a move of more than 10 per cent


Is this the first time that the direction of an Armstrong turning point was reversed with a new high just two months after the turning point?

Furthermore is this the first time the turning point was not followed by a +10 per cent move?

Next turning point is set for march 2008 - the previous turning point turned out to be a move down - does this mean the next turning point has to be a move up?

A lot of questions - it seems like a lot of rules are currently being mocked

I guess da boyz are just doing their job




RULES?????....what rules?... :lol:



#4 Russ

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Posted 22 April 2007 - 06:37 PM

well the rule for armstrong's turning points have been a move of more than 10 per cent


Any indicator is more of a probability than a hard rule.
"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



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