Martin Armstrong Financial Advice: Do not buy the Low!

FACTS DO MATTER!

Martin Armstrong says DO NOT BUY THE LOW

4 days after the 2018 LOW

It is important to note that in spite of all the fine print on his web pages, Martin Armstrong sells financial advice aggressively. This is important, because he has been barred by court order from even association with any financial adviser: Conviction

Based on a consideration of the relevant factors, and all of the circumstances in this case, we find that barring Armstrong from association with any investment adviser serves the public interest and is remedial because, as discussed, it will protect the investing public from the likelihood that Armstrong will commit future violations of the federal securities laws.

As a proof of that he actually provides (sells) such advice, please refer to the example below:

Private Blog:

Dow & Euro for 12/21/2018
By: Marty Armstrong
Friday, December 21, 2018


Now it is the threat of a government shut down. In reality, the cycles rule and the excuses are made up to match the price movement. We are clearly electing several weekly Bearish Reversals in the 23000 zone which is confirming our forecast that we should see lower lows into January. We do have another Weekly Bearish Reversal at 22739 and a closing below that could warn of a Cycle Inversion meaning down into new week bottoming perhaps on the 26th and then rally into the following week for year-end and then turn back down into January.

The main support remains at the 21600 area. followed by 21495. Taking out this area on a year-end closing will point to a drop to 19135 zone. The prospect for a low does not come into play until January/February. DO NOT attempt any long position in the share markets at this time. Be patient and sit on your hands.

Note also that the Euro is breaking to the downside as the greenback rallies. This is also a sign that things outside the USA can end up playing a key role in early 2019. This week was also a Directional Change for the Euro as well. The main turning point is the week of 12/31 and then look at January into February - rising volatility. We have a MINOR Weekly Bearish Reversal at 11302 today

So hang tight. Everything is unfolding in line with the cycles rather nicely.

This example demonstrates three facts:

1. Contrary to his claims, his Private Blog Posts constitute Financial Advice
2. In this case, not only does his personal forecast fail, but also the numbers (the Reversals), refer to “Don’t trust me, the numbers are the numbers” mantra he keeps preaching like The computer has never been wrong because it sees trends without interjecting some theory or bias in Opinion Infected by Bias
3. The forecast arrays fail (refer to his mantra "time is more important than price).

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