SMC Special Update 7-21-21 9:15am Pacific

07/21/2021


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Jeff
Jeff

I never did see any update from last night. I lost a bunch potential long money by not knowing projection had changed. You should link your videos or change in trend to a text notification. I don't think that would be difficult.

jshemanski49196
jshemanski49196

Not your fault Peter, but I'm a bit "looped out" at this point and it seems difficult to know where or when this pattern will end.

marttandpatel731
marttandpatel731

I was also caught on the wrong side of the trade being short. I think text or email alerts if the projection change. Its a good Idea. The web app, does not seam to work, is the data real time? It would be a good idea to may be have a quick video on using it. I check a few times today . If I had know in the morning, I would have closed out short and gone long.

marttandpatel731
marttandpatel731

I was also caught on the wrong side of the trade being short. I think text or email alerts if the projection change. Its a good Idea. The web app, does not seam to work, is the data real time? It would be a good idea to may be have a quick video on using it. I check a few times today . If I had know in the morning, I would have closed out short and gone long.

Hsiang76
Hsiang76

Peter, can you pls provide statistics. You can’t say, with no statistical evidence on the downside projections, that any past dip that followed by rebound by dip-buyers and thus creating another yet higher projection, that very higher projection beyond our long term target price of 4350 in the SP500 is only a loop projection. Am sure that besides myself, others also got caught while going short.

arcon00224
arcon00224

It looks like his web app works on a daily closing basis. It probably updates nightly. So, not good for intraday trading. But on a bit longer time frame it's pretty great technology. Very smooth and easy to operate. Pretty awesome Peter! I agree with some other comments in here that the cycle projection is best used in combination with a few other separate indicators. One guy mentioned McClellan Oscillator was at a negative 300 on Monday's close, and that only happens perhaps once a year. So, there's another potential tool worth tracking. Peter's charts, you'll notice, have a lot of other indicators like trend lines etc drawn in, so even he uses his projections in tandem with other tools. Overall, great value for the monthly charge.

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Jon
Jon

Hsiang76 said:

Peter, can you pls provide statistics. You can’t say, with no statistical evidence on the downside projections, that any past dip that followed by rebound by dip-buyers and thus creating another yet higher projection, that very higher projection beyond our long term target price of 4350 in the SP500 is only a loop projection. Am sure that besides myself, others also got caught while going short.

The projection statistics on 65min in the video has 100% success rate going back a month 1 out of 2 projections reached as shown in the video. I wonder what the success rate is long term but in my software it goes only back a month.

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