SMC Update 10-11-23

10/11/2023


Comments (14)
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daniel039209
daniel039209

Incredible. Amazing We just rallied 4% SPX and 5.6 % NDX - you were only bearish and NOW you suggest for SPX another “2,3,4% more” ? And to boot , a 75-80% statistical probability. That’s amazing. I wonder why I’m not long everything with those odds. Clearly we are going up with those projections.

I would ask you why is it that you think this is anything like the 2000 BUBBLE ( SPX p/e was 30 in March and 40 in September 2000— we r 17-18-19 now?) or 2021 BUBBLE of non profitable stocks in front of the biggest rise in interest rates in 125 years. What makes you think this is like that and we are dropping 35-80% ? On valuation ? Hussman ? Would love to understand your negative bias , it’s been 12 months. Has the market done what your projections have shown? Seriously , where is the intellectual honesty ?

brian1469
brian1469

Thanks Peter! For the bearish side to play out I would like to see the 12/13 on the NQ get hit at 15533.

Then also to see the SPX close the gap at 4402 and not get to its 12/13.

If we reverse from there tomorrow or the next day the up move will all look like one massive squeeze.

I have my hedge back on expecting this after not reversing today.

Last updated

jackwaterman224588
jackwaterman224588

NDX/DOW ratio should be Higher, Not sure why he keeps pointing ratio at 0.45. 0.46 would be right.

Looks like Gap up opens today, this is how tops are made. Gap crap is how it will play out. There is not going to be any crash. We don't care what market will do. Stick to short term Projections

fast3777
fast3777

.4548 or so that is a BIG #

fast3777
fast3777

The Russell 2000 looks pretty ugly. Only a matter of time.

fast3777
fast3777

Take a look at Hormel foods today. A 10%pct haircut. This market could do the same.

fast3777
fast3777

Watch out below.

fast3777
fast3777

Could the Russell 2000 crash? stay tuned.

fast3777
fast3777

NDX so far only a nose bleed, Tourniquets are on standby.

fast3777
fast3777

I think the Russel at some point will start to accelerate down and that would bring a capitulation to the mania driven NDX. Just a thought.

fast3777
fast3777

Just a interesting market fact about lunar influences on stock market psychology. There is a waning crescent moon today and tomorrow. The same moon was present on the day of the crash in 1929 and 1987. Just a little bear porn for Peter and Daniel.

daniel039209
daniel039209

fast3777 said:

Just a interesting market fact about lunar influences on stock market psychology. There is a waning crescent moon today and tomorrow. The same moon was present on the day of the crash in 1929 and 1987. Just a little bear porn for Peter and Daniel.

okay, i like it. I am short from other day, and as market was squeezing higher, Peter stayed pretty bearish. AM I out of my mind that todays update was showing ALL UPSIDE projections? SPX 4440? NDX up to 15400-15600? AND this morning buying seemed like he was gonna nail the upside. but then Bond auction was disaster. glad i didnt panic and cover on way up. doubly glad i didnt go LONG on that video. i do believe that it is going to be wilder than people can imagine from now till Feb. good luck to all.. be open minded. the market just rallied 5% lets see how we do on pullback and then a rally that fails!

daniel039209
daniel039209

need a special update !!! please

daniel039209
daniel039209

another "BUY THE DIP"

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