SMC Update 12-20-21

Mon, 12/20/2021 Monday, 12/20/2021 5:52 PM PST


Comments (6)
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victorsiegel1002
victorsiegel1002

I couldn’t help but notice you showed your cards when you said “we want lower projections”. Wanting the market to do something is not usually helpful to trading or forecasting. You’ve built some powerful software, maybe want it to work instead of wanting a market direction? Sure seems like from your projections, we’ve got a dip today/tomorrow to around the last low or a bit lower, then new highs in the 4800 range.

glennopps200
glennopps200

I hope your feeling better Peter.... Stay away from Omicron and other greek letters

glennopps200
glennopps200

I hope you're feeling better Peter.... Stay away from Omicron and other greek letters

elchico714622
elchico714622

victorsiegel1002 said:

I couldn’t help but notice you showed your cards when you said “we want lower projections”. Wanting the market to do something is not usually helpful to trading or forecasting. You’ve built some powerful software, maybe want it to work instead of wanting a market direction? Sure seems like from your projections, we’ve got a dip today/tomorrow to around the last low or a bit lower, then new highs in the 4800 range.

Agree, waited for the video last night to see if he would talk about the higher projections on spy… instead we got more bearish talk. I went long yesterday after selling puts.

mike.scandiffio720
mike.scandiffio720

Victor @victorseigl1002, I think that you may be twisting Peter's words and presenting them out of context. Peter's work is invaluable and he emphasizes that chart interpretation is difficult with many nuances. Maybe you are thinking or hoping that the S&P should hit 4800 and you therefore see it hitting 4800 in the charts? We all sometimes "see what we want to see".

victorsiegel1002
victorsiegel1002

mike.scandiffio720 said:

Victor @victorseigl1002, I think that you may be twisting Peter's words and presenting them out of context. Peter's work is invaluable and he emphasizes that chart interpretation is difficult with many nuances. Maybe you are thinking or hoping that the S&P should hit 4800 and you therefore see it hitting 4800 in the charts? We all sometimes "see what we want to see".

not twisting his words mike. I quoted him. His software is amazing, but he’s ignoring upside projections because he wants to be bearish. I’d like for him to stick to the projections as they are amazing. but spending the updates on prechters work(a known permabear) is not what Most come here for. I come for his amazing projections. He could have gone over 2 indexes in multiple offsets. but instead tonight he focused on bull to bear ratios which is never an accurate timing indicator. but his projections are. So I urge Peter to focus on what we are here for- the cycle projections. As I explained, I am expecting down and up- just like the cycle projections.

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