Peter Eliades SMC Update for Tuesday 8-11-20

08/11/2020


Comments (6)

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RichB
RichB

I recommend you focus 95% on the SPX and Nasdaq. No one trades the DOW anymore. It's a relic. Your videos are very helpful. Thanks, Peter.

adwhartonmd232
adwhartonmd232

Peter I think you should start giving an alternative with your projections. This would really be interesting Give the full projection range like always but then give a 80% projection probability adjustment to the low side that you calculate with you odds software at 80% So you can say we have a new projection confirmed with the numbers of low to high & calculations and at 80% is what ever the level if hit can then say 80% probability has been fulfill with still out standing the full projection to low/high range It be interesting if then the software could then calculate odds to make it to the low/hi range of original projection

danizh53
danizh53

RichB said:

I recommend you focus 95% on the SPX and Nasdaq. No one trades the DOW anymore. It's a relic. Your videos are very helpful. Thanks, Peter.

Agreed. ?

dh5046
dh5046

They're all relevant. Great work as always Peter thanks

jeff85
jeff85

You are a champion, Peter. Humble, incisive, watchful and bold. I trade the DJIA and any vehicle that can be part of a predictable strategy and value all your comments. Stay the course!

Peter Eliades
Peter Eliades

RichB said:

I recommend you focus 95% on the SPX and Nasdaq. No one trades the DOW anymore. It's a relic. Your videos are very helpful. Thanks, Peter.

The DJIA remains the preeminent psychological indicator because it is the indicator that is best known by the masses. When someone asks what the market did today, few, even among the pros, quote the S&P. When someone says the market was up 150 points, they almost surely are quoting the DJIA. For that reason, it remains an important psychological indicator and we will continue to analyze it. By the way, the NY Stock Exchange Composite used to be our favorite overall index, but TradeStation no longer provides us with those quotes...

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