SMC Special Update 11-4-21 11-40-am Pacific

Thu, 11/04/2021 Thursday, 11/04/2021 11:39 AM PDT


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Optimus
Optimus

Thank you, Peter. Appreciate today's update and also your TA from yesterday which helped me prepare for a pullback in NDX after getting in the projection window. You are right: TA served to confirm what the projections were pointing to.

daniel039209
daniel039209

Do you ever look back and see where maybe there were some incorrect forecasts and predictions and views since March (again in July again in September about "dangerous market conditions, top imminent", bearish RYVNX purchased). Either you emphasized the downside or the probable failure of projections along the way( since they were always "nothing higher") and the moves have been staggering 1800 NDX points in last 20 days 340 SPX points TSLA- i cant even keep track of how many points; you were NOT positive on TSLA since ? 700-750? okay, yes, projections in indexes were shown to be higher around last week, but i believe you sounded like NDX could easily fail at at the 1515 level,just prior. but every other day, you have a different angle on what could be important top. All the "bottom to bottom to top" points look like its better to buy them, and what happened to the 140 months, then 147 month, now 150 months now 772 days...The only REAL important tops(since 1920's) 1929, 1937 1973/4, 2000, 2008.Far and few between.ANd they never crash from thee high, always after a selldown and failure to reach new highs.Not sure why you dont wait until that actually happens.. TO have a bearish bias since March (and i dont know if you still have RYVNX purchased in July) but to be biased that way,with these gains( and in individual stocks its 40-60-100%-400% of gains)sure seems like maybe there should be a "look back" to see where forecast went wrong. so much money has been lost in search of this illusive top. We would need a crash just to get back to June levels in NDX forget about march levels. very frustrated at this level of market cycle interpretation. its been explosive, to be on sideline or short has been disastrous.

XXSPOWER127
XXSPOWER127

daniel039209 said:

Do you ever look back and see where maybe there were some incorrect forecasts and predictions and views since March (again in July again in September about "dangerous market conditions, top imminent", bearish RYVNX purchased). Either you emphasized the downside or the probable failure of projections along the way( since they were always "nothing higher") and the moves have been staggering 1800 NDX points in last 20 days 340 SPX points TSLA- i cant even keep track of how many points; you were NOT positive on TSLA since ? 700-750? okay, yes, projections in indexes were shown to be higher around last week, but i believe you sounded like NDX could easily fail at at the 1515 level,just prior. but every other day, you have a different angle on what could be important top. All the "bottom to bottom to top" points look like its better to buy them, and what happened to the 140 months, then 147 month, now 150 months now 772 days...The only REAL important tops(since 1920's) 1929, 1937 1973/4, 2000, 2008.Far and few between.ANd they never crash from thee high, always after a selldown and failure to reach new highs.Not sure why you dont wait until that actually happens.. TO have a bearish bias since March (and i dont know if you still have RYVNX purchased in July) but to be biased that way,with these gains( and in individual stocks its 40-60-100%-400% of gains)sure seems like maybe there should be a "look back" to see where forecast went wrong. so much money has been lost in search of this illusive top. We would need a crash just to get back to June levels in NDX forget about march levels. very frustrated at this level of market cycle interpretation. its been explosive, to be on sideline or short has been disastrous.

I agree with that above and also what about the channels - you never talk about them now? How about the SPX WEDGE? Is it above and over it? Its like you just find a new 80-80 bottom to bottom to top or 120-120 bottom to bottom or some other TA and if it doesn't work OH WELL. lets not talk about the black sheep. How about the multitude of loops that now have not only caused a small upside but a HUGE upside in the QQQ The S&P WAS 3800 When you were talking loops.. its almost 4800.. meanwhile.. back at the ranch. Yawn. I know you wont answer. You have a fat bank roll, not all of us do.

jhomann821223
jhomann821223

Hi Peter,

I commented under your videos multiple times about a MUCH HIGHER projection in NYA but unfortunately I didn’t get any response from you… I mentioned that the longest projection of NYA (NYSE composite) has a MUCH HIGHER projection at 18920-19467 (equivalent of 5000-5100 in SPX percentage wise from here) which could justify all these “loop projections” which has been going on since 4300.

I don’t gain anything from sharing this information with you or others (since I already KNOW it) but I don’t want other members get run over by shorting this market assuming that there does not exist any MUCH higher projection (as you implied many times). Could you please do a curtesy to me and other subscribers and mention that in your weekend video and what you think about it? Thanks

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daniel039209
daniel039209

exact low 5 years ago today 11.04.2016 maybe today is the top abandoned baby candlestick on the QQQ next couple of days are really important

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