SMC Update Week Ending 11-25-22 Recorded 11-26-22
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Comments (5)
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Excuse the misplacement of the webcam inset later on in the video. Things are tougher to control away from the home office...
thanks for great info Peter
The Bear's last stand
Just a few observations; 1) average length of Bear market ( since 1928)=330 days. 2) the VIX has proven itself almost worthless, exception of it ever goes way above BB or trades at 80 and reverses down , always a BUY signal for stocks. From a low point, just look a last number of years. Not one good signal really. 3) SMC bearish stance , while helpful for part of this year , hasn’t wavered since this huge rally off the lows in Oct. every DJIA stock is up (+8-40%) in he old days, that was a great year. To be on sidelines or short as forecast for ever lower prices SINCE Oct lows was projecting, at a minimum, you’ve lost out at maximum , lost a lot. Similar to turn to Bearishness in Mar 2021. Only to see SPX AND NDX go hundred/thousands of points higher. I would hate to see that repeat.
Alexlat ESZ Gapped Down on open in Globex. It appears we May Have ALREADY Peaked last week on Thursday in Globex trading Thanksgiving Day. It very much was a moon aspect that I used along with technical analysis for timing COT. There’s an old saying. Millionaires don’t use astrology Billionaires Do! 🙃🙂 The Moon controls tides. The human body is 45%-75% water. Ask any ER Triage unit if they prepare differently for Full moons. ~Dorothy
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