Peter Eliades StockMarket Cycles Update Thursday 7-9-20

07/09/2020


Comments (14)
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mfdalton418
mfdalton418

Hi Peter, I don’t have Tradestation or the software, and by subscribing to the videos I was hoping to come and get updates on the short and longer term projections on the market, but it seems that the service is geared more for the people who already have the software? At some point are you going to offer the use of the software through your website? Thank you, Regards, Maurice

dr191103
dr191103

Get the software people!!! It is AWESOME. I paid for a years subscription on one trade using the projections. Thanks Peter and Steffen!

RichB
RichB

We are in a trading range that will persist until a positive or negative catalyst comes along to lift the market up or send it down. Earnings start next week and outcome of those earnings will be a catalyst.

randomwalk
randomwalk

Hello Peter. Performance metrics on the distinct cycle projections would be very helpful. I've noticed that very short term intraday projections have been whipsawed quite a bit, but intermediate and longer intraday/daily projections have performed much better.

That said, is it also possible to have a daily grid that shows the outstanding open projections and target ranges? It's nice to have that up front as a quick guide to see what is outstanding and then to be able to dig in to details from there as opposed to digging through every cycle at the start of each session manually. Basically it would be nice to have a very quick reference table for the major indices, OR a user created custom table of preferred equities to show open projections across all time frames.

randomwalk
randomwalk

Example: Apologies on formatting as it won't copy properly in the comments, but I made a table similar to this in excel. But here's an example of something on a Daily time frame that illustrates what I mean. It shows nominal cycle / market days and then the open projection high lows that remain open.

Column headers: Nominal Days, Market Days, Equity symbol, Low/High projections

Rows for Daily projections:

10 Day 3.5-4.0
20 Day 7.0-8.0
5 Week 12.1-13.8
10 Week 24.2-27.6
20 Week 48.4-55.3
40 Week 96.8-110.6
80 Week 189-194
4 Year 484-553

Last updated

ytlnag396
ytlnag396

Equity symbol?

srblack1960144
srblack1960144

Peter, Could you please take a look with your software at the upper trend line on this chart and comment on where exactly that upper trend line is currently? I'm wondering if this is the trend line we need to be looking for a top at, and if it fits into the current S&P 500 projections.
https://twitter.com/AdamMancini4/status/1268946079959207937/photo/1

Steffen Scheuermann
Steffen Scheuermann

mfdalton418 said:

Hi Peter, I don’t have Tradestation or the software, and by subscribing to the videos I was hoping to come and get updates on the short and longer term projections on the market, but it seems that the service is geared more for the people who already have the software? At some point are you going to offer the use of the software through your website? Thank you, Regards, Maurice

Hi mfdalton Yes, I will work on a web-based version soon. I have not understood that Peter makes the videos for software users but for all :) Best Regards, Steffen

Steffen Scheuermann
Steffen Scheuermann

drcsanftmba367 said:

Hi Peter and Steffen, The performance tracker feature will be incredibly powerful. However, the 'reverse engineering' of offsets would appear as over-fitting. I would like to better understand how you would use such the latter feature without the negative implications of over-fitting. Thank you

Hi drcsanftmba
There will be the risk of over-fitting. I have not thought through the whole process yet. Maybe we can mitigate the risk technically. But there will in any case a certain risk of over-fitting and that must be handled by us. Actually like for all other indicator parameters, too.
Thank you and best regards,
Steffen

Steffen Scheuermann
Steffen Scheuermann

randomwalk said:

Hello Peter. Performance metrics on the distinct cycle projections would be very helpful. I've noticed that very short term intraday projections have been whipsawed quite a bit, but intermediate and longer intraday/daily projections have performed much better.

That said, is it also possible to have a daily grid that shows the outstanding open projections and target ranges? It's nice to have that up front as a quick guide to see what is outstanding and then to be able to dig in to details from there as opposed to digging through every cycle at the start of each session manually. Basically it would be nice to have a very quick reference table for the major indices, OR a user created custom table of preferred equities to show open projections across all time frames.

randomwalk, I love the idea of what you describe. We actually had a version of the software that allows to show projections from other charts, too. I will definitely put that idea on our list. Probably not be able to work on it very soon but I think it adds a lot of value and will work on it later. Best, Steffen

randomwalk
randomwalk

Steffen Scheuermann said: randomwalk, I love the idea of what you describe. We actually had a version of the software that allows to show projections from other charts, too. I will definitely put that idea on our list. Probably not be able to work on it very soon but I think it adds a lot of value and will work on it later. Best, Steffen

Steffen, thanks for your response and great work on the software thus far. I agree that looking at the data across multiple time frames will add a lot of value. Combining this along with 1) values across multiple assets (bonds, equities, commodities, sectors, etc) and 2) statistical performance has huge value potential for trading and analysis. Looking forward to see how things take shape. Thanks.

Peter Eliades
Peter Eliades

mfdalton418 said:

Hi Peter, I don’t have Tradestation or the software, and by subscribing to the videos I was hoping to come and get updates on the short and longer term projections on the market, but it seems that the service is geared more for the people who already have the software? At some point are you going to offer the use of the software through your website? Thank you, Regards, Maurice

Hi Maurice, Au contraire (You have a French name :) ), Maurice, the video updates are geared to those without the software, but when there is a teaching opportunity for software users, I attempt to take advantage of it. Sometimes there are many short term projections to give, and other times there are not. The past few days, there are not...

Peter Eliades
Peter Eliades

mfdalton418 said:

Hi Peter, I don’t have Tradestation or the software, and by subscribing to the videos I was hoping to come and get updates on the short and longer term projections on the market, but it seems that the service is geared more for the people who already have the software? At some point are you going to offer the use of the software through your website? Thank you, Regards, Maurice

Yes, we hope to have it working on our website without the need for TradeStation by fall or the end of year (right, Steffen??) :)

drcsanftmba367 said:

Hi Peter and Steffen, The performance tracker feature will be incredibly powerful. However, the 'reverse engineering' of offsets would appear as over-fitting. I would like to better understand how you would use such the latter feature without the negative implications of over-fitting. Thank you

In general, I would agree with you. Any of us who has done system trading is aware of the potential perils of over-fitting. BUT, and it's a big BUT, if we are right that this technique of cycle projection analysis is really how the market works, then it would be impossible to over fit. You would simply be determining what cycle applies to what entity. Each entity could have a slightly different nominal 20 week cycle, and our reverse analysis would tell us if that is true. If it does end up we are overfitting, we will know very quickly, I believe...

Peter Eliades
Peter Eliades

srblack1960144 said:

Peter, Could you please take a look with your software at the upper trend line on this chart and comment on where exactly that upper trend line is currently? I'm wondering if this is the trend line we need to be looking for a top at, and if it fits into the current S&P 500 projections.
https://twitter.com/AdamMancini4/status/1268946079959207937/photo/1

If you use the anchors for that tops trendline on the tops of the weeks ending 7-4-14 and 1-26-18, this week it is at 3489.09 and moving up approximately 49.4 points/week...

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