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daniel039209
daniel039209

Whatever happened to “lowest TRIN readings” , “big downside imminent “ to even Sundays forecast of Big down Monday - probably starting in Globex session? None of this happened. Now we r faced with , “if you Wednesday, we are going higher “ ? Great to be bearish in decline but to stay full bear in huge rally is just throwing money away

DAV15J
DAV15J

Seems to me AAPL, alone, holding up SnP. Focussing on TSLA is strange.

daniel039209
daniel039209

I appreciate both Brian & bbrent comments. I agree, Tsla short on Peters’s work has been stellar. His bearish stance in market overall has been very good as well. What if Sept inflation readings were “ high water mark”? I just want to know how high can we go while waiting for some kind of deep deep fall?

Yadunath
Yadunath

An important thing occurred yesterday, I don't know how many noticed it. It happened with Dow Jones Industrial Average (DJIA), the one index, which has been relatively defiant in the recent weeks as compared to Nasdaq and even S & P 500. The upper channel line connecting Apr 21 high and 16 Aug high served as a clear resistance for Dow Index (DJIA). The index hit the upper channel line and respectfully decided to turn back and has since been bearish. ( I had been watching this line for several days and was expecting it should act as the last resistance line and it did). Furthermore, on the daily chart, the commodity channel index (CCI) showed a negative divergence on DJIA between 2-Nov spike and the yesterday's maximum. I just thought I would share it as it is something to take note of.

Last updated

dcarter8883312
dcarter8883312

bbrentpb465 said:

bbrentpb465 said:

brian1469 said:

daniel039209 said:

Whatever happened to being a adult taking in Peter's analysis along with your own technical work putting on a position and managing risk or waiting until today when it is obvious lower risk timing to put on trade? Peter said he thought they would hold it up into election day & would rally first yesterday before reversing and said sharp down had to start today! BINGO Dorothy

Whatever happened to “lowest TRIN readings” , “big downside imminent “ to even Sundays forecast of Big down Monday - probably starting in Globex session? None of this happened. Now we r faced with , “if you Wednesday, we are going higher “ ? Great to be bearish in decline but to stay full bear in huge rally is just throwing money away

In Peter's defense the projections on the downside are long term. He always says he can't control how fast they happen.

brian1469 said:

daniel039209 said:

Whatever happened to “lowest TRIN readings” , “big downside imminent “ to even Sundays forecast of Big down Monday - probably starting in Globex session? None of this happened. Now we r faced with , “if you Wednesday, we are going higher “ ? Great to be bearish in decline but to stay full bear in huge rally is just throwing money away

In Peter's defense the projections on the downside are long term. He always says he can't control how fast they happen.

The markets are playing with everyone's emotions. I think many have been caught in the middle of bear market traps. What is interesting about these markets is that many stocks have been hit harder then even the 1929-1932 down and we have the majors down -50% +,yet the indicies are hanging in there. Just seems odd overall to me, but a few folks have been looking at other analogues that I find interesting notably the 1973 analouge, take a look at that time period which is very similar to now. And even more interesting is the line up of 2008 vs 2022; the VIX correlation is remarkaable and the SPY set up indicates we are about to head down if it plays out. I wonder if Peter could look a thtest time periods to see if the projections where giving similar readings that would have confused us back then. Ive been frustrated myself however, I think we are going to be surprised. It's been a push pull. Sometimes I wonder IF the POWERS that be are holding up the markets for political gains. Have you looked at the Clevanlnd fed inflation rate? It should be interesitng on Thursday that we are still above 8%. Nothing has happend since the Fed raised rates. War, economics, CRYPTO etc not all looking good. I think we find out soon given Lars recent timing analysis that we are headed down. Peter maybe seeing things after dong this for 50 years. We have been at turning points all year. There have been some fantastic charts i could post to show you that there is nothing out of the ordinary that is happening and if you go back ot the june time frame there is a rhyme to the pattern, etc. anyway its frustarting, btu remember all those TSLA projections --look what is happening. We are going down and more down to come.

https://twitter.com/LoveJesusnBudda/status/1590140379638411264/photo/1 https://twitter.com/MichaelMOTTCM/status/1590137207117205504 https://twitter.com/FinanceLancelot/status/1590166096203886592 https://twitter.com/MichaelMOTTCM/status/1590135674438840320

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