SMC Update 09-03-26

Thank you very much for the detailed explanation. Well said. Very informative. Much appreciated!

josolomo275 said:

Thank you very much for the detailed explanation. Well said. Very informative. Much appreciated!

Thanks. I was not sure whether is was meant as a joke. But got me thinking and regardless, it was a good exercise to put a clearly structured model of it into words.

You said your short position was stopped out When was it placed at what price & price stopped Did you stated a short was placed when it was placed

Reading this report is like reading Barron’s business daily not like Peter’s true stockmarketcycles with projections of high & lows

adwhartonmd232 said:

You said your short position was stopped out When was it placed at what price & price stopped Did you stated a short was placed when it was placed

I do disclose my positions in "Position disclosure:" at the end of each post for transparency sake and mentioned in the August 3st update that I trail the stop because the nature of shorting stock indices. I did not share much other information. I shorted on Monday at last Friday's low -1 tick.

Last updated 2 months ago

spx has the 3/4 cycle erected an upside projection. Let’s see how that plays out. It is pointing to 7805

Any updates from Peter? Wish him doing alright. We missed him.

I am very sad to learn from Elliott Wave International founder Robert Prechter, that Peter passed on Wednesday 2 Sep. We are all praying for the repose of his soul, and sincerest condolences to Marie and all his family. May flights of angels sing thee to thy rest.........🙏

Ps: Will miss his infectious enthusiasm and genuine love of the markets.

peter is a legendary market technican. he will always be missed. 😭

Sadly, I have just heard that Peter has passed. He will be greatly missed. He was a kind and generous person that helped others whenever possible.