SMC Update 3-2-23

Thanks Peter! We just got new downside projections on both ES and SPX (24,2 offset)!

Thanks Peter, glad you had a good time in the city & made it back safely. Based on the fear-mongering news, I would have thought you're snowed in! Always a guiding light with the markets!🙏

since we were down over night and now big gap up ( and up about 1.8% FROM LOWS OF YESTERDAY), and looks like above the 4000 SPX level, Im hoping you do an update. How high can we go( i understand no one knows) but how much pain do we take on short side.?

Rip puts

Rip vix

What happened to "the bottom falling out" after today's projections were reached?? Good luck to all that believe in this wacky offset system, sure doesn't work for me.

Vix below 19…can’t make this up

jshemanski49196 said:

What happened to "the bottom falling out" after today's projections were reached?? Good luck to all that believe in this wacky offset system, sure doesn't work for me.

Peter Lynch said it long time ago ( something to effect...) "more money is lost anticipating/shorting a market than if you actually sat thru a market decline" You can lose a fortune shorting. Permanent loss. Good stocks can get crushed, they rarely ever go to zero. See Berkshires letters over the years. Officially super annoyed. Waiting for down leg for 3.7 months

brian1469 said:

dcpavement242377 said:

Huge reversal pivot at 4030 could start a puke.... On ES

I think we reverse from here and get back under 10EMA 4013 before the end of the day.

Only thing making me hesitant is there were a ton of 0DTE puts bought already

hope you folks are right on!!

Posting this on 1:25 pm Friday. I think this is the point where Peter’s projection is going to start working. From now until the end of today and heading into next week I feel strongly we will see a huge sell off! David. R

Volume is twice lower on the way up from yesterday. Insiders are selling into the rally. I am not buying this rally. Just added more shorts

The market is going to the moon because it is Purim on March 6 and 7 , and March 7 is a full moon . It is one of the most important Jewish Hollidays , go read what it means and you might understand something interesting . The Friday options before this holiday is always a feast for call options.

This is what happens when you follow perma bear

jeanrobert15225 said:

The market is going to the moon because it is Purim on March 6 and 7 , and March 7 is a full moon . It is one of the most important Jewish Hollidays , go read what it means and you might understand something interesting . The Friday options before this holiday is always a feast for call options.

I am Jewish myself, but I don’t trade around holidays and come here to learn to trade around projections. Which I have done successfully so far and have done hundreds of thousands of dollars so far. So few days of short squeeze won’t kill me. Nothing is going to the moon! It’s going a bit higher, and then much much lower. If you want to learn something new, stick to what Peter is teaching and don’t push other methods or ideas. Keep it to yourself. If you have some sort of and edge great, make some money using a holiday and move on. We are still in a bear market and we are going much lower. Period

davidratner112133 said:

jeanrobert15225 said:

The market is going to the moon because it is Purim on March 6 and 7 , and March 7 is a full moon . It is one of the most important Jewish Hollidays , go read what it means and you might understand something interesting . The Friday options before this holiday is always a feast for call options.

I am Jewish myself, but I don’t trade around holidays and come here to learn to trade around projections. Which I have done successfully so far and have done hundreds of thousands of dollars so far. So few days of short squeeze won’t kill me. Nothing is going to the moon! It’s going a bit higher, and then much much lower. If you want to learn something new, stick to what Peter is teaching and don’t push other methods or ideas. Keep it to yourself. If you have some sort of and edge great, make some money using a holiday and move on. We are still in a bear market and we are going much lower. Period

Thank you for your insight respectfully.