Peter Are you still short NDX or was it covered if so when and what price

Question: you used to have so many negative projections on the DJIA. You used to actually say " it is the market, what people think that the market does". And it just made a new ALL TIME HIGH yesterday and you don't even mention it? That is pretty selective reporting, don't you think? You only show 3 or 4 stocks with downside, NDX with downside, ( and then upside). i like the " ranges of potential areas" up or down, and if you could frame it on weekly, we would know where it confirmed or invalidated. One more thing: if you are going to call for "crahes" in crypto and BTC rallies from 81000,to 94,700 and ETHE goes from the depths of 2700 to 3290 it would be only helpful to update after huge bounces, that one should assume you are still negative ,riding it up.

Last updated 8 months ago

daniel039209 said:

Question: you used to have so many negative projections on the DJIA. You used to actually say " it is the market, what people think that the market does". And it just made a new ALL TIME HIGH yesterday and you don't even mention it? That is pretty selective reporting, don't you think? You only show 3 or 4 stocks with downside, NDX with downside, ( and then upside). i like the " ranges of potential areas" up or down, and if you could frame it on weekly, we would know where it confirmed or invalidated. One more thing: if you are going to call for "crahes" in crypto and BTC rallies from 81000,to 94,700 and ETHE goes from the depths of 2700 to 3290 it would be only helpful to update after huge bounces, that one should assume you are still negative ,riding it up.

REMEMBER HE HAD NVDA HE SAID IT WAS GOING TO $8? I LOVE WHEN HE SAYS " I DONT THINK IT WILL DO THIS " SURE THING TO INVERSE "ELIDES" LIKE CRAMER WORKS EVERY TIME

HEY PETER REMEMBER THIS ?

7-29-24

THANKS PROFESSOR !!!

YOU WERE WRONG!! I WAS RIGHT IT ROCKETED THEY CUT RATES AND WILL KEEP CUTTING

Peter Eliades has just replied to the SMC Update 7-29-24 comments.

Comment:

Do me a favor, market historian, and do some real research. Go back historically and tell me what happens after a long period of rate rises by the Fed...what happens when they start to cut rates. Do that research and get back to me about your rocket ships!!! Oh NEVER MIND (I'll mimic your all-caps exaggerated points!!), I'll help you out with a recent example. After several years of raising rates, the FED finally lowered rates with the first cut on Sep 18, 2007. That's where your rocket took off and, within 3 weeks the secondaries (IWM) had rallied WOW!!! 4.5%. Then that amazing rocket not only sputtered and died but saw IWM fall a historic 60%!!!! over the next 17 months...Can you see how foolish your orthodox theories on market behavior look when matched against actual history? Next time you raise your hand in class in an attempt to be smarter than the professor, be confident of your facts :) Today you get a failing grade!!

4-4-24

LMAO !!!!!

can write a book !!

daniel039209 said: > >"waterfall, snowballing declines...." i dont recall a time that these words were uttered over past 16 months. And i dont believe we have gone down once that is postulated. We are up as of 11;50 am est almost the whole decline of yest. no waterfall, no snowball. correction; we are UP more than we declined yesterday. Not sure how we trade down 50-65% in semiconductor index in the middle of chip boom around AI.

you got it

XXSPOWER127 said:

4-4-24

LMAO !!!!!

can write a book !!

daniel039209 said: > >"waterfall, snowballing declines...." i dont recall a time that these words were uttered over past 16 months. And i dont believe we have gone down once that is postulated. We are up as of 11;50 am est almost the whole decline of yest. no waterfall, no snowball. correction; we are UP more than we declined yesterday. Not sure how we trade down 50-65% in semiconductor index in the middle of chip boom around AI.

you got it

I didn’t even recall that ! Every time he said waterfall and to this day , the market has rallied. He has dug a hole he can’t see anyway out of. And he knows more than all - he wants to be the Professor !