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jshemanski49196
It's hard to make a firm conclusion when you say that some ratio says that we are at a top while also touting higher projections. In my opinion, best to just trust the projections and not contradict them, Peter. I have also requested statistics on each projection given, since I don't have the software. This has seemingly fallen on deaf ears, and I'm not sure why?
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daniel039209
jshemanski49196 said:
It's hard to make a firm conclusion when you say that some ratio says that we are at a top while also touting higher projections. In my opinion, best to just trust the projections and not try to contradict them, Peter.
Agreed. The "ratio" has almost the exact same ability to forecast the drop in the market as the VIX did. Insignificant. It doesnt matter how much the NDX goes up or down, it is almost always a bearish view, even with higher projections. The 2 other occurrences used as "comparisons" just arent that strong. 2000 & 2022 dont compare. The only way we go down is if we are heading to a recession. Good thing he stopped using NDX/UTIL. As that has skyrocketed since he introduced this
daniel039209
Peter, with the Russel index up 5 days in a row, does that change your lower forecasts for just about everything? AAPL,NVDA, IWM, BTC, GLD?
daniel039209
no change in bearishness on NVDA , AAPL, BTC? NDX? amazing staunch stance throughout the entire move. if it takes the whole month of September to go down ~6.4%( NDX) Then, takes 3 days to rally 5.1%. Seems like the buying pulse is very strong. Today, day 58 might just as easily been a LOW,not a HIGH.. i guess we will see.
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It's hard to make a firm conclusion when you say that some ratio says that we are at a top while also touting higher projections. In my opinion, best to just trust the projections and not contradict them, Peter. I have also requested statistics on each projection given, since I don't have the software. This has seemingly fallen on deaf ears, and I'm not sure why?
Last updated
Agreed. The "ratio" has almost the exact same ability to forecast the drop in the market as the VIX did. Insignificant. It doesnt matter how much the NDX goes up or down, it is almost always a bearish view, even with higher projections. The 2 other occurrences used as "comparisons" just arent that strong. 2000 & 2022 dont compare. The only way we go down is if we are heading to a recession. Good thing he stopped using NDX/UTIL. As that has skyrocketed since he introduced this
Peter, with the Russel index up 5 days in a row, does that change your lower forecasts for just about everything? AAPL,NVDA, IWM, BTC, GLD?
no change in bearishness on NVDA , AAPL, BTC? NDX? amazing staunch stance throughout the entire move. if it takes the whole month of September to go down ~6.4%( NDX) Then, takes 3 days to rally 5.1%. Seems like the buying pulse is very strong. Today, day 58 might just as easily been a LOW,not a HIGH.. i guess we will see.
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