SMC Update 2-6-24
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Comments (12)
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Thanks Peter. I agree with your thesis of a top forming based on the technicals. However, on the NDX equal weighted offsets as you have been showing us, on the longest offsets (482.3/530.5), we now have confirmed upward projections on both the close and median offsets (8754.72 minimum). Can you comment on that? Thanks!
It’s weird how the market makes new highs but it’s “always the top” since Oct 2022 and then also, very toppy in Nov 2023. According to SMC. I don’t quite understand on his new charts that shows “ obviously it was the bottom Nov 2023”. Actually , this service was calling for much lower lows in front of a 24-28%? Thrust. One of biggest ever in short period of time. So, is today the top? Again ?
Haha !! Of course and his MAGICAL 🧙♀️ CHARTS keep changing and showing new top patterns and LOOK AT THIS LOOK AT THIS ITS MAGICAL !!
Oh are we still in a bear market? Asking for a friend ..
Brian You need another NICK FILTER
7NICKS
LOL 😂
If you don't have the SOFTWARE did you see the email ??
Eliades' Cycle Price Projections Web App updated
Look at it !!
What is with you guys ??? Please don't be
BLINDLIKEBRIAN !!!
What is chance that after a 65% move up that was completely missed - I know I fell for that and cut my exposure at MY own detriment while stocks have skyrocketed , Peter, who every day says” important top is IN or it’s close- only another 100-200-300-400 maybe 500 points “ , it’s “the next 2 days are key” for the last 300 days the “next 2 days “ have been key. Seriously , where is the intellectual honesty ? If market doesn’t crash in next 2 weeks , I will think hard about keeping subscription to a service that doesn’t seem to forecast well YET every projection seems to be hit in hindsight. “Lows in Nov 2023? Obvious? Bearish ans ever back then is what I know . And I have followed SMC for over 25 years. Peter is stuck in the 1970’s or 80’s and still thinks Hussmans points are valid. They are not. Only one proficient is XXS Super power, maybe you’ll take over for SMC
I’m just keeping this subscription to hear Peter say “I was wrong”. 😂
I use this for cycle work. And I expected it to be in sync with the actual market . can enter my own trades. I’m not sure if you used this for “trading” you would have survived the doubling of stocks and one of largest moves in the market I have ever seen. Why do you use this service ? For the stock recommendations or the ratio trades ?
Yo Thompson- you must be the same jackass that I’m pretty sure last fall( Nov sell off) you were mouthing off to anyone that questioned Peter’s missing 5800 point NDX rally as we sold off and inbreds just like you were talking smack about how market is going down , Peter’s right, and every comment challenging the comments. You get a subscription for free? I didn’t know that was possible. I pay, every month. Thanks for all your help. Dip
Brainless thompsonbenji must have lost his mommy’s money. Or lost his retirement. Sad sad.
Chart the small caps - breakout RTY
Peter, We really need your guidance on what to do with all of the massive upside projections on the longest daily offsets (482.3/530.5), on ES, Wilshire 5000, NDX equal weighted and now nasdaq composite. The nasdaq composite downside projection you showed many times over the past year was invalidated on Friday. Please discuss that on the next update, thank you!
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