SMC Update 10-31-22

Long term I believe almost everyone here has a bearish perspective however we need the short term analysis even more so to avoid getting caught in these bear market rallies like the one in this october

Peter, thank you for making these updates. Especially the longer ones over the past few weeks. Your extra effort is greatly appreciated.

On a side note, you should really consider selling merchandise with "Look at this!" on them.

Thanks, glad to see standing your ground on the projection, you will be right

I believe no one here is saying this is a new bull market. I believe, Peter, you were 100% bearish and ignored short term bullish signals. NDX then rose 10%.

bbrentpb465 said:

DAV15J said:

I believe no one here is saying this is a new bull market. I believe, Peter, you were 100% bearish and ignored short term bullish signals. NDX then rose 10%. Yes i agree we are still going up and we lost focus on what this software provides. We have all been on the wrong side of the trade for not following the projections.

Personally I am not going to make that call yet because I'd rather wait until Monday and Tuesday close before making a call. I think today will be telling and you could be premature in the assumption

Last updated 4 years ago

Thank You Peter: Looking good outside day in NDX, SPX , INDU 👍🏼

dcarter8883312 said:

Thank You Peter: Looking good outside day in NDX, SPX , INDU 👍🏼

If we lose another 0.5%, it will be almost exactly like Peter said lol

Last updated 4 years ago

bbrentpb465 said:

seamus.ssoh3308 said:

dcarter8883312 said:

Thank You Peter: Looking good outside day in NDX, SPX , INDU 👍🏼

If we lose another 0.5%, it will be almost exactly like Peter said lol

we have confirmed projections on the s and p up to the 4200 aea. Im following these right now on teh short term.

Be aware confirmed or not there's no guarantee. Those projections are about 60% accurate if I remember right.

Last updated 4 years ago

bbrentpb465 said:

urbanowiczlucas1903 said:

bbrentpb465 said:

seamus.ssoh3308 said:

dcarter8883312 said:

Thank You Peter: Looking good outside day in NDX, SPX , INDU 👍🏼

If we lose another 0.5%, it will be almost exactly like Peter said lol

we have confirmed projections on the s and p up to the 4200 aea. Im following these right now on teh short term.

Be aware confirmed or not there's no guarantee. Those projections are about 60% accurate if I remember right.

well all the ones that have been upside have hit since the rally started. What u mean be careuful. We where all bearish and on the wron gside of the trade for a few weeks. So one should respect the upside possiblity

Then I wish you the best of luck!

Peter, I've noticed something when viewing NDX next to the Ratio Adjusted McClellan Oscillator for the NYSE. There seems to be some divergence that points to the market wanting to rally higher.

On 10/25, we see the high on this short-term rally but, on the McClellan Oscillator, it continues to trend upward as the market slightly declines. This suggests to me that the 'big dogs' in the market are holding it down from where the small caps want to rally.

I'd love to hear your thoughts on this.

dmarrazzo3334 said:

Peter, I've noticed something when viewing NDX next to the Ratio Adjusted McClellan Oscillator for the NYSE. There seems to be some divergence that points to the market wanting to rally higher.

On 10/25, we see the high on this short-term rally but, on the McClellan Oscillator, it continues to trend upward as the market slightly declines. This suggests to me that the 'big dogs' in the market are holding it down from where the small caps want to rally.

I'd love to hear your thoughts on this.

That's interesting...Peter, any thoughts on this>

seamus.ssoh3308 said:

bbrentpb465 said:

DAV15J said:

I believe no one here is saying this is a new bull market. I believe, Peter, you were 100% bearish and ignored short term bullish signals. NDX then rose 10%. Yes i agree we are still going up and we lost focus on what this software provides. We have all been on the wrong side of the trade for not following the projections.

Personally I am not going to make that call yet because I'd rather wait until Monday and Tuesday close before making a call. I think today will be telling and you could be premature in the assumption

What assumption? The mkt rose 10%.

bbrentpb465 said:

urbanowiczlucas1903 said:

bbrentpb465 said:

urbanowiczlucas1903 said:

bbrentpb465 said:

seamus.ssoh3308 said:

dcarter8883312 said:

Thank You Peter: Looking good outside day in NDX, SPX , INDU 👍🏼

If we lose another 0.5%, it will be almost exactly like Peter said lol

we have confirmed projections on the s and p up to the 4200 aea. Im following these right now on teh short term.

Be aware confirmed or not there's no guarantee. Those projections are about 60% accurate if I remember right.

well all the ones that have been upside have hit since the rally started. What u mean be careuful. We where all bearish and on the wron gside of the trade for a few weeks. So one should respect the upside possiblity

Then I wish you the best of luck!

urbanowiczlucas1903 said:

bbrentpb465 said:

urbanowiczlucas1903 said:

bbrentpb465 said:

seamus.ssoh3308 said:

dcarter8883312 said:

Thank You Peter: Looking good outside day in NDX, SPX , INDU 👍🏼

If we lose another 0.5%, it will be almost exactly like Peter said lol

we have confirmed projections on the s and p up to the 4200 aea. Im following these right now on teh short term.

Be aware confirmed or not there's no guarantee. Those projections are about 60% accurate if I remember right.

well all the ones that have been upside have hit since the rally started. What u mean be careuful. We where all bearish and on the wron gside of the trade for a few weeks. So one should respect the upside possiblity

Then I wish you the best of luck!

you too ; u seems to have an issue; im in cash yeah best of luck ll we been getting is every day thee is a top thee is a top there is a top and then the projections are different . you recall that the projections are right 60% thats not true they varry depending on the offset and upside vs. downside. ill wat in my cash for now

hi