Armstrong - 2020 first year ever Dow took out previous years high and low

Russ, I messaged you, but for some reason I got an error message doing that.

Just so you know, some of the information Armstrong postulated can be verified as not true.

For example, about micro chipping to track people remotely, there is currently no available technology for turning on things in microchips remotely.

Microchips are tiny radio frequency identifying devices. These devices have no battery, and therefore can only be read and cannot send or receive anything. A powered monitoring device will be needed to identify these devices and read information from them.

Risktaker: what you describe as "microchips" more accurately is called an "(passive) RFID chip." Microchip is a very general term describing just about any integrated circuit (IC.)

 

That said, after casually following Armstrong for decades, I've come to the conclusion that he's a fairly knowledgeable market historian who expresses highly exaggerated claims and outright lies regarding his ability to forecast the market. His most common technique is shotgunning relatively vague pronouncements that cover all the bases and then cherry picking in hindsight to prove he was "right." See this webpage for a comprehensive review of his tactics: https://armstrongecmscam.blogspot.com/

 

During the start of the Covid-19 episode, he ridiculed it as "just a flu" and relatively insignificant to the economy and then proceeded  to miss one of the greatest rallies in history all the time calling for a re-test of the lows. I don't fault a prognosticator for being wrong occasionally, but to be spectacularly wrong and then claim to have nailed it is fraud.

Expect VIX to go below 30 soon .......................

Risktaker: what you describe as "microchips" more accurately is called an "(passive) RFID chip." Microchip is a very general term describing just about any integrated circuit (IC.)

 

That said, after casually following Armstrong for decades, I've come to the conclusion that he's a fairly knowledgeable market historian who expresses highly exaggerated claims and outright lies regarding his ability to forecast the market. His most common technique is shotgunning relatively vague pronouncements that cover all the bases and then cherry picking in hindsight to prove he was "right." See this webpage for a comprehensive review of his tactics: https://armstrongecmscam.blogspot.com/

 

During the start of the Covid-19 episode, he ridiculed it as "just a flu" and relatively insignificant to the economy and then proceeded  to miss one of the greatest rallies in history all the time calling for a re-test of the lows. I don't fault a prognosticator for being wrong occasionally, but to be spectacularly wrong and then claim to have nailed it is fraud.

That is false, he told the radio show linked that the market was going to bottom in March and then rally into June. Listen to the show host if you don't belive me... https://static.financialsense.com/audio/2020-06/financial-sense-20200616-armstrong-great-reset-24c786.mp3  That armstrongscam guy is out to get him for some reason. I have followed him for 3 decades, and seem some amazing calls. 

Russ, I messaged you, but for some reason I got an error message doing that.

Just so you know, some of the information Armstrong postulated can be verified as not true.

For example, about micro chipping to track people remotely, there is currently no available technology for turning on things in microchips remotely.

Microchips are tiny radio frequency identifying devices. These devices have no battery, and therefore can only be read and cannot send or receive anything. A powered monitoring device will be needed to identify these devices and read information from them.

Thanks for your info,  I am surprised because Mr. A has a degree in computer science. 

Expect VIX to go below 30 soon .......................

Why?

 

Risktaker: what you describe as "microchips" more accurately is called an "(passive) RFID chip." Microchip is a very general term describing just about any integrated circuit (IC.)

 

That said, after casually following Armstrong for decades, I've come to the conclusion that he's a fairly knowledgeable market historian who expresses highly exaggerated claims and outright lies regarding his ability to forecast the market. His most common technique is shotgunning relatively vague pronouncements that cover all the bases and then cherry picking in hindsight to prove he was "right." See this webpage for a comprehensive review of his tactics: https://armstrongecmscam.blogspot.com/

 

During the start of the Covid-19 episode, he ridiculed it as "just a flu" and relatively insignificant to the economy and then proceeded  to miss one of the greatest rallies in history all the time calling for a re-test of the lows. I don't fault a prognosticator for being wrong occasionally, but to be spectacularly wrong and then claim to have nailed it is fraud.

That is false, he told the radio show linked that the market was going to bottom in March and then rally into June. Listen to the show host if you don't belive me... https://static.financialsense.com/audio/2020-06/financial-sense-20200616-armstrong-great-reset-24c786.mp3  That armstrongscam guy is out to get him for some reason. I have followed him for 3 decades, and seem some amazing calls. 

 

I believe the show host said Armstrong predicted it, but I don't believe Armstrong predicted it. Any evidence for the latter? I read Armstrong's public blog throughout the Covid-19 selloff and his predictions were way off the mark. Thanks.

 

 

Risktaker: what you describe as "microchips" more accurately is called an "(passive) RFID chip." Microchip is a very general term describing just about any integrated circuit (IC.)

 

That said, after casually following Armstrong for decades, I've come to the conclusion that he's a fairly knowledgeable market historian who expresses highly exaggerated claims and outright lies regarding his ability to forecast the market. His most common technique is shotgunning relatively vague pronouncements that cover all the bases and then cherry picking in hindsight to prove he was "right." See this webpage for a comprehensive review of his tactics: https://armstrongecmscam.blogspot.com/

 

During the start of the Covid-19 episode, he ridiculed it as "just a flu" and relatively insignificant to the economy and then proceeded  to miss one of the greatest rallies in history all the time calling for a re-test of the lows. I don't fault a prognosticator for being wrong occasionally, but to be spectacularly wrong and then claim to have nailed it is fraud.

That is false, he told the radio show linked that the market was going to bottom in March and then rally into June. Listen to the show host if you don't belive me... https://static.financialsense.com/audio/2020-06/financial-sense-20200616-armstrong-great-reset-24c786.mp3  That armstrongscam guy is out to get him for some reason. I have followed him for 3 decades, and seem some amazing calls. 

 

I believe the show host said Armstrong predicted it, but I don't believe Armstrong predicted it. Any evidence for the latter? I read Armstrong's public blog throughout the Covid-19 selloff and his predictions were way off the mark. Thanks.

 

What you get off his free blog is different that what you get from his paid services, but I think that radio show is archived so all you have to do is find the interview done in March. 

 

Expect VIX to go below 30 soon .......................

Why?

 

Economic data is improving day by day, and from this point the chance for the data getting better vs getting worse is 80/20.   Remember VIX is the market outlook in SPX options for the next 30 days .................

Edited by redfoliage2, 23 June 2020 - 11:20 AM.

This is from MA's private blog on or about May10:

 

"We should see a new high next week which could be as soon Monday with a decline thereafter into the week of the 18th(TP) which should be a panic cycle to the downside. a lot of these moves will be determined by the reversal system, so as long as the Dow does not elect its next bullish reversal at 24765, the market should decline into the the week of the 18th.
The 2nd quarter is a turning point so we either have to make new lows or close below the 1st quarterly close. The intraday low may occur in May, with June being the lowest monthly closing."

 

The Dow did not exceed 24765 (the April high) not even intra-day so the bullish reversal was not elected. 

 

Above is per a poster at: https://bitcointalk....ic=1082909.7680