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MJMassens2570
Appreciate your intraday video. With all due respect (and I mean it sincerely, your record speaks for itself), I think the market moves more on liquidity zones than on trend lines. The line shows trend, and that's pretty much it. But buy orders, resting sell orders, etc are where the algo's seem to be moving back and forth to generating the market gyrations. I'm not sure Goldman Sachs, etc is selling millions of $ because of a trend line? Nasdaq is less than 10% away from the ATH. The chances of a new one seem more likely than a giant crash at this point, especially since the major downside projection was now invalidated a few weeks ago.
neo
stick.
to.
the.
projections.
Start on the 30min, and work up the weekly. It's such a fantastic trading system and has a real edge.
It's been totally abandoned on these commentaries over the last 6 months and has only been observed from a bearish bias.
XXSPOWER127
Actually the giant downside is not invalidated on all
I really WISH people would read COMMENTS
A) QQQ
B) $NASDAQ
C) /NQ
D) $NDX.X
All have different now.. 12.1 and weeekly projections
THIS SHOULD BE LOOKED AT!!
fast3777
When everybody wants stock you shovel it to them. Lots of stocks completing their wave 2 rallies. Went short again about a hour ago ,4485 SPX cash.
Last updated
fast3777
A real nice gravestone doji or reverse hammer on the Dow daily. Let's see if it sticks. Same reversal candle on the SPX cash 4463
Last updated
fast3777
Let's see if Japan continues down now -300 that"s the canary in the coal mine.
srblack1960144
The price projection software has been a money making machine lately, along with the help of a good Elliott wave guru who's been nailing every move all year. I've been concentrating on IWM this week since it had more potential upside than SPY. The 65-minute IWM chart, 21/24 offsets, has a projection to 193.73 to 194.88. It didn't quite get there with this mornings surge, which was probably a wave 3...just completing a wave 4 now...so one more push to a higher high in wave 5 of this move could do it, if it hasn't already topped. Then over the next few weeks we'll find out if this is the tippy top, or the market intends to go to record highs. It's still undecided I think. Robert Balan's comments on Twitter are also very helpful in my opinion. He's looking for a top today and big drop into month-end.
ericoh792283
Finally magical trend line is exceeded! How many times are we basing market rallies/declines on trend lines??? They are meant to be broken. Basic TA higher high and higher lows. I’d like Peter to go over some vix that he was talking about for weeks!
jshemanski49196
srblack1960144 said:
The price projection software has been a money making machine lately, along with the help of a good Elliott wave guru who's been nailing every move all year. I've been concentrating on IWM this week since it had more potential upside than SPY. The 65-minute IWM chart, 21/24 offsets, has a projection to 193.73 to 194.88. It didn't quite get there with this mornings surge, which was probably a wave 3...just completing a wave 4 now...so one more push to a higher high in wave 5 of this move could do it, if it hasn't already topped. Then over the next few weeks we'll find out if this is the tippy top, or the market intends to go to record highs. It's still undecided I think. Robert Balan's comments on Twitter are also very helpful in my opinion. He's looking for a top today and big drop into month-end.
SR, may I ask if the "Elliott wave guru" mentioned above has the initials of "AG?"
Cosmic
neo said:
stick.
to.
the.
projections.
Start on the 30min, and work up the weekly. It's such a fantastic trading system and has a real edge.
It's been totally abandoned on these commentaries over the last 6 months and has only been observed from a bearish bias.
Boom
fast3777
We should get a reversal today. You do not get a Triple top in major averages is such compact fashion. Above the line with another gap up which makes 3 gaps up. The kiss of death.
daniel039209
academic point/question; where is that NDX trendline going to be , say, in 11 days? 31 days? 55 days? Argument that the trendline is a negative is just missing the point of the trend. Following that logic you would always be negative while prices UNDER that trendline, only turning positive when above. Cannot be recommended as a strategy. Frustrated you say? That is just a feeling. How about money lost, opportunity lost.? That is a harsh reality. There was an 85% forecast of a 12 point drop in SPX 2 days ago..we are up 80 points thats 1.8%. You always add, " the market isnt up that much". I disagree. Stocks go up 4x the SPX. So it IS alot.
srblack1960144
jshemanski49196 said:
srblack1960144 said:
The price projection software has been a money making machine lately, along with the help of a good Elliott wave guru who's been nailing every move all year. I've been concentrating on IWM this week since it had more potential upside than SPY. The 65-minute IWM chart, 21/24 offsets, has a projection to 193.73 to 194.88. It didn't quite get there with this mornings surge, which was probably a wave 3...just completing a wave 4 now...so one more push to a higher high in wave 5 of this move could do it, if it hasn't already topped. Then over the next few weeks we'll find out if this is the tippy top, or the market intends to go to record highs. It's still undecided I think. Robert Balan's comments on Twitter are also very helpful in my opinion. He's looking for a top today and big drop into month-end.
SR, may I ask if the "Elliott wave guru" mentioned above has the initials of "AG?"
Yep
fast3777
The SPX and Dow cash have a 5 wave impulse off this morning high and a failure wave up. Put a fork in this baby. A stagflationary depression is a real possibility and this gap up over the line with many stocks in third waves already means a quick decline is starting. Nothing to fear for the bears here.
Last updated
fast3777
Looks like TSLA has completed a small 5 off the top.
fast3777
On stockcharts daily The Dow has a black candle and the SPX looks to have a abandoned baby candle. Will tonight and tomorrow bring another gap down island reversal? The third time is the charm. Thanks Peter....excellent.
ericoh792283
Bears getting wrecked again. Lol. When will Peter finally give it up.
XXSPOWER127
ericoh792283 said:
Finally magical trend line is exceeded! How many times are we basing market rallies/declines on trend lines??? They are meant to be broken. Basic TA higher high and higher lows. I’d like Peter to go over some vix that he was talking about for weeks!
OK WHAT WILL HE TALK ABOUT NEXT
LETS SEE
A) MOONS AND PANIC DATES - THAT GOT TOSSED OUT
B) 47 TRADING DAYS, THAT GOT TOSSED
C) OH YEAH REMEMBER THE VXX AND 30 YEARS OF MKT DATA? VXX!! COME ON!! IN A BULL MARKET... OH WAIT !! BEAR I MEAN
D) 119 TRADING DAYS .. THAT GOT TOSSED
E) TREND LINES
F) RESISTANCE LINES - BYE BYE
G) DOW / QQQ
H) APPL AT A HIGH
I) ? ANYTHING I MISS
WHATS NEXT
fast3777
We have 5 weeks of a topping crown top in the YM Dow futures. A collapse could happen at anytime.
ericoh792283
XXSPOWER127 said:
ericoh792283 said:
Finally magical trend line is exceeded! How many times are we basing market rallies/declines on trend lines??? They are meant to be broken. Basic TA higher high and higher lows. I’d like Peter to go over some vix that he was talking about for weeks!
OK WHAT WILL HE TALK ABOUT NEXT
LETS SEE
A) MOONS AND PANIC DATES - THAT GOT TOSSED OUT
B) 47 TRADING DAYS, THAT GOT TOSSED
C) OH YEAH REMEMBER THE VXX AND 30 YEARS OF MKT DATA? VXX!! COME ON!! IN A BULL MARKET... OH WAIT !! BEAR I MEAN
D) 119 TRADING DAYS .. THAT GOT TOSSED
E) TREND LINES
F) RESISTANCE LINES - BYE BYE
G) DOW / QQQ
H) APPL AT A HIGH
I) ? ANYTHING I MISS
play_arrow
Comments (23)
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Appreciate your intraday video. With all due respect (and I mean it sincerely, your record speaks for itself), I think the market moves more on liquidity zones than on trend lines. The line shows trend, and that's pretty much it. But buy orders, resting sell orders, etc are where the algo's seem to be moving back and forth to generating the market gyrations. I'm not sure Goldman Sachs, etc is selling millions of $ because of a trend line? Nasdaq is less than 10% away from the ATH. The chances of a new one seem more likely than a giant crash at this point, especially since the major downside projection was now invalidated a few weeks ago.
stick.
to.
the.
projections.
Start on the 30min, and work up the weekly. It's such a fantastic trading system and has a real edge.
It's been totally abandoned on these commentaries over the last 6 months and has only been observed from a bearish bias.
Actually the giant downside is not invalidated on all I really WISH people would read COMMENTS
A) QQQ B) $NASDAQ C) /NQ D) $NDX.X
All have different now.. 12.1 and weeekly projections
THIS SHOULD BE LOOKED AT!!
When everybody wants stock you shovel it to them. Lots of stocks completing their wave 2 rallies. Went short again about a hour ago ,4485 SPX cash.
Last updated
A real nice gravestone doji or reverse hammer on the Dow daily. Let's see if it sticks. Same reversal candle on the SPX cash 4463
Last updated
Let's see if Japan continues down now -300 that"s the canary in the coal mine.
The price projection software has been a money making machine lately, along with the help of a good Elliott wave guru who's been nailing every move all year. I've been concentrating on IWM this week since it had more potential upside than SPY. The 65-minute IWM chart, 21/24 offsets, has a projection to 193.73 to 194.88. It didn't quite get there with this mornings surge, which was probably a wave 3...just completing a wave 4 now...so one more push to a higher high in wave 5 of this move could do it, if it hasn't already topped. Then over the next few weeks we'll find out if this is the tippy top, or the market intends to go to record highs. It's still undecided I think. Robert Balan's comments on Twitter are also very helpful in my opinion. He's looking for a top today and big drop into month-end.
Finally magical trend line is exceeded! How many times are we basing market rallies/declines on trend lines??? They are meant to be broken. Basic TA higher high and higher lows. I’d like Peter to go over some vix that he was talking about for weeks!
SR, may I ask if the "Elliott wave guru" mentioned above has the initials of "AG?"
Boom
We should get a reversal today. You do not get a Triple top in major averages is such compact fashion. Above the line with another gap up which makes 3 gaps up. The kiss of death.
academic point/question; where is that NDX trendline going to be , say, in 11 days? 31 days? 55 days? Argument that the trendline is a negative is just missing the point of the trend. Following that logic you would always be negative while prices UNDER that trendline, only turning positive when above. Cannot be recommended as a strategy. Frustrated you say? That is just a feeling. How about money lost, opportunity lost.? That is a harsh reality. There was an 85% forecast of a 12 point drop in SPX 2 days ago..we are up 80 points thats 1.8%. You always add, " the market isnt up that much". I disagree. Stocks go up 4x the SPX. So it IS alot.
Yep
The SPX and Dow cash have a 5 wave impulse off this morning high and a failure wave up. Put a fork in this baby. A stagflationary depression is a real possibility and this gap up over the line with many stocks in third waves already means a quick decline is starting. Nothing to fear for the bears here.
Last updated
Looks like TSLA has completed a small 5 off the top.
On stockcharts daily The Dow has a black candle and the SPX looks to have a abandoned baby candle. Will tonight and tomorrow bring another gap down island reversal? The third time is the charm. Thanks Peter....excellent.
Bears getting wrecked again. Lol. When will Peter finally give it up.
OK WHAT WILL HE TALK ABOUT NEXT
LETS SEE
A) MOONS AND PANIC DATES - THAT GOT TOSSED OUT B) 47 TRADING DAYS, THAT GOT TOSSED C) OH YEAH REMEMBER THE VXX AND 30 YEARS OF MKT DATA? VXX!! COME ON!! IN A BULL MARKET... OH WAIT !! BEAR I MEAN D) 119 TRADING DAYS .. THAT GOT TOSSED E) TREND LINES F) RESISTANCE LINES - BYE BYE G) DOW / QQQ
H) APPL AT A HIGH I) ? ANYTHING I MISS
WHATS NEXT
We have 5 weeks of a topping crown top in the YM Dow futures. A collapse could happen at anytime.
This fast guy is even funnier Lol
1-20 of 23