SMC Update 8-15-22

Hello, any update on the software?

loved this analysis, particularly the part about getting over the continuum and the 200d. Very good perspective and fabulous lesson for the future!

The NDX crossed over a downward sloping 200 day MA on 1 May 2009 and it was a buy signal.

Congratulations on your name day! I have not used the software but would be interested. Would it be possible to have a short trial period for limited indices/stocks? Thanks.

Peter What happen to the VIX crossing back above the lower Bollinger band that was a great sell signal you said and showed charts of pass events before this great rally occurred

"That ain't gonna happen baby"?? How do you know this?? Follow the charts and not your bias!

den.nisdeane2587 said:

"That ain't gonna happen baby"?? How do you know this?? Follow the charts and not your bias!

That's indeed what I do, Mr. D... I, of course, don't know it for sure. I'm simply basing the conclusion on over 50 years of market experience and intuition...I do always follow the projections and not my intuition, in the end...In fact, the reason for the "That ain't gonna happen baby" quote is there is no way to currently get projections up to that level. That's based exactly on the "charts," not any perceived biases... :)>RichB said:

The NDX crossed over a downward sloping 200 day MA on 1 May 2009 and it was a buy signal.

That's correct! But two months later price had returned almost to the level where the May 1 break occurred and the MA had flattened out and was ready to turn up...

Thanks again Peter, exactly why I subscribe, it's not just about the fabulous software but because your experience and knowledge compliments it perfectly

adwhartonmd232 said:

Peter What happen to the VIX crossing back above the lower Bollinger band that was a great sell signal you said and showed charts of pass events before this great rally occurred

That was the history, but I also showed times when it didn't work...

Peter Eliades said:

den.nisdeane2587 said:

"That ain't gonna happen baby"?? How do you know this?? Follow the charts and not your bias!

That's indeed what I do, Mr. D... I, of course, don't know it for sure. I'm simply basing the conclusion on over 50 years of market experience and intuition...I do always follow the projections and not my intuition, in the end...In fact, the reason for the "That ain't gonna happen baby" quote is there is no way to currently get projections up to that level. That's based exactly on the "charts," not any perceived biases... :)>RichB said:

Well as you demonstrated with the DOW, price could indeed go sideways for the next month and that would open up the possibility for higher projections. This is where you said it's not going to happen. Why would it not? Sideways action for a month into the FED meeting is definitely not out of the question.

Great analysis. Rally is overextented, is deemed for pullback, much better r/r in short position for now

Im definitely interested in buying the software Peter. Thanks for everything.