To catch a hacker, you must know how to hack. To be a good investor, it is good to know how to cheat investors. And the best person to learn from is the cheater with a proven track record. Many investors lose money because - they don't know how to cheat - they don't know how cheaters work - they don't know cheaters exist
Wikipedia is far from accurate all of the time...and entries are favorable towards the current regime/narrative. I'd take whatever it says with less than a grain of salt.
This guy has a large following that pays him money to have access to his “analysis”. That’s what I call a “Guru”. Someone like Larry Williams or Robert Prechter.
I guess my frustration is that his website doesn’t offer a clear opinion. His “arrays” have no explanation and I have no idea what you do with them. His reversal points are probably some variation of pivot points. There might be something to his ”pi cycle” but it’s hardly useable in the shorter term. The AI……it spits out completely vague sentences and even gets facts wrong like the date and when holidays are. I’m hoping post will provoke someone to explain how they use his website on a daily basis.
What type of individual would use his website I wonder. Is he licensed to handle other people's money? If so how do his returns stack up against Bankman's, Epstein's, Madoff's, Hunter Biden's, or a SP Index fund? Looks like he has plenty experience presenting seminars if that's what you want to learn. He fought the law and the law won. https://www.armstrongeconomics.com/blog/
I saw a witty comment on youtube... If he's so great at understanding conspiracies and writing code to predict the future prices for nations, etc... why is he needling to peddle places like youtube? Looks like another wana-bie guru trying to peddle something. At least, Dan Pena is funny (sort of) to watch, and he even knows who made Bitfuck. LOL!!
Prechter was impressive at the beginning of his career. Again, this is Wikipedia, but it's pretty well documented in other places. "In 1979 Prechter left Merrill Lynch and published the first subscription issue of the Elliott Wave Theorist. The 1970s had been very bullish years in the gold market but mostly bearish for stocks, yet his Elliott wave analysis called for a long-term reversal lower in gold (February 1980)[5][14] and a long-term "super bull market underway" in stocks (October 1982).[5][15] Because these forecasts proved mostly correct—especially for the stock indexes—Prechter's following grew. His visibility increased further after he won the U.S. Trading Championship in 1984, with a then-record 444% return in a monitored options trading account.[16] He was profiled in many financial and business publications and named "Guru of the Decade" by the Financial News Network (now CNBC) for the 1980s.[17]" But last I heard, he became a permabear EW guy around 1989 and very rarely changed his tune (I believe he may be bullish on rare occasions, but haven't heard anything about him in the last 15-20 years). He was also a drummer in a rock band before turning to the market.
He’s a joke. He raised a fund claiming to use advanced quantities analysis which ended up just being stochastics and golden mean garbage. He speculated with investor capital and lost it because his analysis doesn’t work and he was sued for misrepresenting his approach.
Who is actually taking this serious? IIRC, the person who made that Elliott Wave theory, died piss poor & broke. It was a silly ideology, just like those who believe in plotting a battle-plan using bird-signs. This is supposed to be 'elite' trader.com not 'superstitious' trader.com