SMC Special Update Sunday 6-11 2.45 pm

06/11/2023


Comments (25)
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daniel039209
daniel039209

fast3777 said:

Still a bear no matter how much OPM they throw at it. Just buying a couple thousand Dec VIX calls. When it hits it will be BIG.

which ones did you buy?

ericoh792283
ericoh792283

I wonder what Peter is going to say today to pacify the bears. Lol

daniel039209
daniel039209

ericoh792283 said:

I wonder what Peter is going to say today to pacify the bears. Lol

i think he will say " all the pieces coming together. we are hitting the upside projections that i gave you yesterday. and the most overvalued market just got more overvalued" Personally, shorting or expecting massive reversals from new highs almost daily NEVER plays out. Need a series of lower highs. Later in June, we will have that set up.

ericoh792283
ericoh792283

15,000 on NQ. Enough said

daniel039209
daniel039209

rdevon- well said. I was wondering too. I do believe Peter’s work is still solid, I just don’t quite understand the ignoring of market thrusts, the breaching of major moving averages ( in Feb) and flat out “wanting to be right “ vs wanting to be part of trend. I’ve seen it before. There is some ego driven factor that “ I WILL PICK THE TOP “ “I WILL CALL THE CRASH” . Being wrong is okay- we all are wrong a lot of the time. But staying negative/ wrong/ fighting for - is it close to 5000 NDX points? On what world are the projections going to ever MAKE you 3000-5000 points on short side. Never is answer

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