SMC Update Week Ending Thursday July 3 Recorded July 3
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Comments (8)
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Here is the link to the youtube video I strongly recommend for family 4th of July viewing: https://www.youtube.com/watch?v=YaxGNQE5ZLA
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Peter, at some point you just have to admit when you're wrong. Your assessment was clearly incorrect. Fibonacci time-based retracements? Unreliable. Geometric trendline analysis? Pure theory with little practical use. A trend lasts only until it breaks – we both know that. But your predictions didn't just cost time and money – they also cost trust. Peter, simply divide by the DXY to factor in the dollar’s weakness — and watch your theory collapse instantly.
Blessed is the nation whose God is the Lord ( Ps 33:12) Happy Independence Day to all my American friends.
A trend holds only until it breaks — that’s a fundamental market principle.
Still can't see how the Y2K top played out? Can you not see? Look at the chart again, may another 4 months to go? Distributions top? There isn't going to be any melt down for another 4 months. 1929 Money was linked to Gold. Now debt = Money. It's why Trump is going to pile on more debt,
Must read
https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy
Your friend's Stan has changed his mind, Now he is looking for a top in 2026, Talk to him and comeback, Stan has changed his mind many times regarding the top, Proven rights many times.
Tim Wood https://www.howestreet.com/2025/07/us-interest-rates-will-drop-when-this-happens-tim-wood/
YAWN
you gonna say the same thing tonight again like you did the last 1000 days.. boring party of one ELIADES.. Meanwhile back at the ranch Bitcoin new high /ES NEW HIGH /Rty rolling with high 24 and 48 projections /Ym knocking on the door You are just the kid crying wolf every ...single .. day ...
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