SMC Special Update 11-10-22 9-30am Pacific

Yadunath said:

There's been wild up moves every now and then in this bear market, but something is odd about yesterday's move. It seems like someone is meddling with the market this time around. I say so because the Globex made no weak attempt during the day to rally back and then suddenly it rose up just an hour before exchanges were set to open.

Peter - I think you should start looking at DJIA/ YM symbols now on. Everyone knows that Dow has been the most defiant index relatively in the recent weeks. I think for sometime to come, it makes more sense to cover DJIA in place of S & P 500.

cpi data released, didn't you know?

Hi Peter, "significantly higher levels", does this mean we potentially could see a double top nearing all time highs. DJI could meet 35,500 by end month.

Last updated 3 years ago

@@@@ READ THIS @@@ ==>

Its DEJA Vu all over again.. who said that.. for me following PETER E. again -

LONG term SUBS KNOW THIS. He did this last time - he keeps with his Bear suit on and does not HEED THE GREEN PROJECTIONS. Now there is a clear sign. You can see clearly the Green and what it wants and the RED that remains 1 3 AND 5 MET 7 nothing 12 GREEN 24 GREEN 48 RED and it can meet the green and then not have any issue meeting this later.

But sitting there since 3560 and thinking we are just going to keep melting, melting, melting like we are some 3rd world crap country? NO INFLATE OR DIE we live by. Again you do this all the time - you TELL your subs I DONT THINK THATS GONNA HAPPEN but your PROJECTIONS ARE A COMPUTER THEY ARE NOT A BIASED BEAR SUIT wearer that has been stuck in his ways.

And dont ever say again News or events dont move markets like Cpi OR FED events. OK? Ok thanks. BYEEEEE.

thank you

There is a good thread regarding the CPI suprise by Gordon Johnson on Twitter...Good analysis on the components that make up the CPI. Story in WSJ today that .5 increase in rates on the table for December. Seems to align with Gordon's analysis.

For what it’s worth a harsh aspect that hit on October 13th low is revisited November 18th which is also a option expiration day. We will see IF we revisit test or take out lows on that day. I can’t guarantee I’m right just putting it out here. Dorothy

I have a chart from Bloomberg showing the 2008 / 2022 Analog which I’m sure many of you have seen. I wish we could upload screenshots. I emailed it to Steffen to see if Peter cares to share.

volfgang said:

Nasdaq 50 Day EMA is resting at 11480 On the 12th Sep high we broke above it by 1.5% before a 15% decline

Gives us a range of 11480 > 11550 to short. Invalidated with daily closure above 11700

NQZ22 slightly overshot .382% retracement and reversed. DJIA leading way down. now ESZ22 down on day. Stick a 🍴fork in it with reasonable stop of course.

defwin33481 said:

What if From June low to 12 December is just a correction and SPX will Hit 50% retracement from low. Also VIX is doing a Triangle which isn't complete. VIX is saying no down leg for now. Just trade the charts.

https://twitter.com/jamestown0123/status/1591058751146295297?s=20&t=VJKTa6AzXkFv06lcpS5o4w

https://twitter.com/jamestown0123/status/1591070263952670724?s=20&t=VJKTa6AzXkFv06lcpS5o4w

As always I do not believe these charts will be followed. Real world news makes and breaks these all the time, you can't make such long term predictions and expect them to be accurate.

bbrentpb465 said:

one must also look at lars data from end of otc well well well https://www.youtube.com/watch?v=QX7ugxfYy50.

WHY do you keep referencing LARS? at CYCLE MAGAZINE?
a) he is not proven
b) he even says his work is not the best

and even the comments on the video say " given the recent rally does this chage the cycle. "

dcarter8883312 said:

volfgang said:

Nasdaq 50 Day EMA is resting at 11480 On the 12th Sep high we broke above it by 1.5% before a 15% decline

Gives us a range of 11480 > 11550 to short. Invalidated with daily closure above 11700

NQZ22 slightly overshot .382% retracement and reversed. DJIA leading way down. now ESZ22 down on day. Stick a 🍴fork in it with reasonable stop of course.

CAN YOU SAY INVALIDATED

I CAN

ONLY UP 200 POINTS TODAY... ANOTHER 1.8%

DONT WORRY = THERE ARE SPEED RESISTANCE LINES COMING UP

DONT WORRY THE NEW MOON ON THE 23RD I HEARD /// ITS GONNA MAKE PEOPLE " CRAZY " WOW WATCH OUT !!!!

dcarter8883312 said:

volfgang said:

Nasdaq 50 Day EMA is resting at 11480 On the 12th Sep high we broke above it by 1.5% before a 15% decline

Gives us a range of 11480 > 11550 to short. Invalidated with daily closure above 11700

NQZ22 slightly overshot .382% retracement and reversed. DJIA leading way down. now ESZ22 down on day. Stick a 🍴fork in it with reasonable stop of course.

GOTTA ALWAYS WAIT TILL THE CLOSE MY FRIEND ... AKA THE FAT LADY.

Peter, PLEASE continue to provide us with your expert analysis! Most of us appreciate your vast knowledge from your many years of experience. If we did not, we would not be paying the monthly subscription fee. If I ever get to the point where I totally disagree with your analysis, I would quietly stop the subscription. Do NOT let a few combatant individuals affect your analysis. I have been following you since the 1980's, and although no advisor is perfect, you have an excellent track record. And it has only improved with your software. Thank you!!

Peter, now that you have a larger following relying on your particular methods, do you feel nervous? Unfortunately I don't really see so much accuracy recently. Sure the projections exist, but I don't know their accuracy, a lot of them aren't met, and they appear so randomly and are met so randomly that I don't know what to do with them. I feel like this analysis can't be used independently at all and therefore the price is unjustified. Thoughts?

My 2 pennyworth (I'm in GB). Peter has quite simply been wrong, short term. Though Weekly 20/20.01 is hardly short term. He has rejected his own confirmed signal. He did so bcos his experience told him the shorter term bullish signal needed wider confirmation. Of course, this should normally be the case. It was not the case this time. S&P 4000/4200 should now be the top, or lower.

Longer term, OF COURSE, it's a bear market. To suggest otherwise would be infantile (or crooked). The World is going to go into a deep, deep disinflationary recession in 2023. This is clearly DotCom Bust #2. Any comparison to 2008 is silly. So, comparisons only to 2000 - 2002/3 are valid. FWIW, 7k ish NDX is a reasonable expectation. It may go further, with the screams of agony and capitulation we will see as it bottoms.

Peter, I suggest you look more closely at Rates and TLT. IF - big if - we move from inflationary recession to a disinflationary recession then how can TLT fall to $60? NB My long Stop is at $90.

Last updated 3 years ago

defwin33481 said:

bbrentpb465 said:

XXSPOWER127 said:

@@@@ READ THIS @@@ ==>

Its DEJA Vu all over again.. who said that.. for me following PETER E. again -

LONG term SUBS KNOW THIS. He did this last time - he keeps with his Bear suit on and does not HEED THE GREEN PROJECTIONS. Now there is a clear sign. You can see clearly the Green and what it wants and the RED that remains 1 3 AND 5 MET 7 nothing 12 GREEN 24 GREEN 48 RED and it can meet the green and then not have any issue meeting this later.

But sitting there since 3560 and thinking we are just going to keep melting, melting, melting like we are some 3rd world crap country? NO INFLATE OR DIE we live by. Again you do this all the time - you TELL your subs I DONT THINK THATS GONNA HAPPEN but your PROJECTIONS ARE A COMPUTER THEY ARE NOT A BIASED BEAR SUIT wearer that has been stuck in his ways.

And dont ever say again News or events dont move markets like Cpi OR FED events. OK? Ok thanks. BYEEEEE.

You should stop paying Peter the $59 before you have a heart attack sir. Ok OK you are mad and angry at peter. Go off and start your won network and get subs.Post what every you want here; ut at the end of the day you are a bully - just ranting. You must have been a Stragith A student

One thing Peter does not trade if he did then there would be special update. Also say play with Play money. What does it mean? Just that play money. Must have new Target price with where market closed today. We will reach it or not? Place your bet with Play money only.

OOOOHH arent we so WOKE. Bully.. Bully this and Bully that. Listen Mr,Woke I have said over and over WHEN MR E does not follow the PROJECTIONS that the SYSTEM gives out and he uses his HUMAN JUDGEMENT AND PASSES THAT ON TO US that is not that what he should do NO BULLY TRUTH HURTS BUD GROW A PAIR No, I am not having a heart attack - just speaking the truth. Take your wokeness and go vote democrack.

bbrentpb465 said:

XXSPOWER127 said:

bbrentpb465 said:

one must also look at lars data from end of otc well well well https://www.youtube.com/watch?v=QX7ugxfYy50.

WHY do you keep referencing LARS? at CYCLE MAGAZINE?
a) he is not proven
b) he even says his work is not the best

and even the comments on the video say " given the recent rally does this chage the cycle. "

Do you have any other value analysis to provide . You don't have to pay attention to any comments. I thought you where signing off from Peters work. You seem angry. So big shot provide us with something of value.. go ahead..make my day

Hey Brent, You didnt answer any of my questions? Just like a demo rat. I did provide MUCH VALUE. READ MY COMMENTS 1 3 AND 5 MET 7 nothing 12 GREEN 24 GREEN 48 RED I SAID peter is not and has not, and in the past DID NOT, just like this time HEED THE PROJECTIONS. Lets see if he brings up MARTY ZWEIG AND THE 4% RULE

and ditto to you - you dont have to pay attention to my comments either so go watch Oprah.

XXSPOWER127 said:

bbrentpb465 said:

XXSPOWER127 said:

bbrentpb465 said:

one must also look at lars data from end of otc well well well https://www.youtube.com/watch?v=QX7ugxfYy50.

WHY do you keep referencing LARS? at CYCLE MAGAZINE?
a) he is not proven
b) he even says his work is not the best

and even the comments on the video say " given the recent rally does this chage the cycle. "

Do you have any other value analysis to provide . You don't have to pay attention to any comments. I thought you where signing off from Peters work. You seem angry. So big shot provide us with something of value.. go ahead..make my day

Hey Brent, You didnt answer any of my questions? Just like a demo rat. I did provide MUCH VALUE. READ MY COMMENTS 1 3 AND 5 MET 7 nothing 12 GREEN 24 GREEN 48 RED I SAID peter is not and has not, and in the past DID NOT, just like this time HEED THE PROJECTIONS. Lets see if he brings up MARTY ZWEIG AND THE 4% RULE

and ditto to you - you dont have to pay attention to my comments either so go watch Oprah.

You're an angry little rat, insulting people makes you present like a small boy. Are you a small boy? This is going to blow his head off lol watch the caps lock turn on.

Last updated 3 years ago

seamus.ssoh3308 said:

XXSPOWER127 said:

bbrentpb465 said:

XXSPOWER127 said:

bbrentpb465 said:

one must also look at lars data from end of otc well well well https://www.youtube.com/watch?v=QX7ugxfYy50.

WHY do you keep referencing LARS? at CYCLE MAGAZINE?
a) he is not proven
b) he even says his work is not the best

and even the comments on the video say " given the recent rally does this chage the cycle. "

Do you have any other value analysis to provide . You don't have to pay attention to any comments. I thought you where signing off from Peters work. You seem angry. So big shot provide us with something of value.. go ahead..make my day

Hey Brent, You didnt answer any of my questions? Just like a demo rat. I did provide MUCH VALUE. READ MY COMMENTS 1 3 AND 5 MET 7 nothing 12 GREEN 24 GREEN 48 RED I SAID peter is not and has not, and in the past DID NOT, just like this time HEED THE PROJECTIONS. Lets see if he brings up MARTY ZWEIG AND THE 4% RULE

and ditto to you - you dont have to pay attention to my comments either so go watch Oprah.

You're an angry little rat, insulting people makes you present like a small boy. Are you a small boy? This is going to blow his head off lol watch the caps lock turn on.

YES SEAMUS. BERRY BERRY SMALL. Where is my swiss cheese now? Go get it.

defwin33481 said:

bbrentpb465 said:

XXSPOWER127 said:

@@@@ READ THIS @@@ ==>

Its DEJA Vu all over again.. who said that.. for me following PETER E. again -

LONG term SUBS KNOW THIS. He did this last time - he keeps with his Bear suit on and does not HEED THE GREEN PROJECTIONS. Now there is a clear sign. You can see clearly the Green and what it wants and the RED that remains 1 3 AND 5 MET 7 nothing 12 GREEN 24 GREEN 48 RED and it can meet the green and then not have any issue meeting this later.

But sitting there since 3560 and thinking we are just going to keep melting, melting, melting like we are some 3rd world crap country? NO INFLATE OR DIE we live by. Again you do this all the time - you TELL your subs I DONT THINK THATS GONNA HAPPEN but your PROJECTIONS ARE A COMPUTER THEY ARE NOT A BIASED BEAR SUIT wearer that has been stuck in his ways.

And dont ever say again News or events dont move markets like Cpi OR FED events. OK? Ok thanks. BYEEEEE.

You should stop paying Peter the $59 before you have a heart attack sir. Ok OK you are mad and angry at peter. Go off and start your won network and get subs.Post what every you want here; ut at the end of the day you are a bully - just ranting. You must have been a Stragith A student

One thing Peter does not trade if he did then there would be special update. Also say play with Play money. What does it mean? Just that play money. Must have new Target price with where market closed today. We will reach it or not? Place your bet with Play money only.

You dont know what Peter does. He does not say. He was talking about GIANT DOWN PROJECTIONS for play money - you dont even listen !!!

reclaimed its 50 day moving average reclaimed its 50 day moving average reclaimed its 50 day moving average reclaimed its 50 day moving average ==> Yesterday was a breakout day for ES. We broke out of a 2 week long, perfect triangle pattern, and did so with incredible force, formally beginning the next leg of the broader rally that began on October 13th. This week was important technically as we not only got a classical pattern breakout, but ES also reclaimed its 50 day moving average and these two factors combined to put in the second largest green week of 2022, with yesterday being the largest green day since the March COVID lows.