SMC Update 10-18-21

10/18/2021


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srblack1960144
srblack1960144

Great update Peter. Looks like the next day or two will be decisive.

RichB
RichB

Peter, what is the probability the NDX will made a new all time high in Oct-Nov?

spencerdavis2000
spencerdavis2000

thanks Peter

Jeff
Jeff

Peter, one of the best updates you have given. You were great in giving context to your projections. What is perplexing to many that watch, is that you gave a bear and a bull scenario with everything you know to present, but what do you think based on your experience? When you can make both cases are we at 50/50?. up or down. 60/40? What to surmise when such conflicting info comes out the projections? You have all the experience and knowledge. Where would you put your money. Right now I am at flip a coin, which means I have no idea but to wait, which is what I believe you said without saying it. Thanks Again

costello.mb233
costello.mb233

Great update, Peter! Any chance of a look at Crude Oil and Natural Gas?

spencerdavis2000
spencerdavis2000

Jeff said:

Peter, one of the best updates you have given. You were great in giving context to your projections. What is perplexing to many that watch, is that you gave a bear and a bull scenario with everything you know to present, but what do you think based on your experience? When you can make both cases are we at 50/50?. up or down. 60/40? What to surmise when such conflicting info comes out the projections? You have all the experience and knowledge. Where would you put your money. Right now I am at flip a coin, which means I have no idea but to wait, which is what I believe you said without saying it. Thanks Again

Jeff I interpreted Peter as more bearish as he also mentioned the Advance decline internals not being great while this rally. For me personally based on his 150 month cycle from low of March 2009 to Sept 2021 plus or minus a month the context should be not expected to keep a bull market. I am expecting the context to be bearish next few years. But this is just my view based on Peter's explanations.
This is why I reallocated all of my 401k out of the stock market in terms of bullish stock market. I expect in this scenario that a 50% correction is more than expected next few years and probably a long time sideways taking a long long long time to reach this level again.
Am I right? who knows, lol. It is just an educated guess in the direction of the expected paths based on the expert analysis given by Peter.
I will say this though: Nobody has been as accurate as Peter.
For example: people such as Larry Williams and Jake Bernstein of whom I have great respect have made some great calls, but I was in a seminar with Jake Bernstein I believe it was March 3, 2020 on a Tuesday and I just exited all of my 401k allocations because I recognized after the last week of Feb 2020 that the market was crashing based on my experience trading futures during 2008 So Jake said there is no reason to worry based on his views of stuff in that seminar After that the market crashed quite a bit I didn't find out about Peter until the end of March, but I looked on all of his videos on YouTube and his software showed downside projections

Then after the market made its sell off in March, I thought we were now imposing down and lower lows were to be expected I think Peter thought that from a point of view, but in a few weeks his software actually showed upside projections

This was when Larry Williams put out his "buy alert" report a little bit before Peter's projections came in. When they came in I remember Peter saying he doesn't believe it, but he has to trust his software. I didn't believe it either but I originally heard people on the Cycle man show Tim Wood and I was really impressed by how he looks at the market

So in all of my years I have never seen any software like this so this. Larry Williams recently put out a video at the beginning of Oct saying something about a new bull market or we are headed higher. But Larry Williams also said that in Sept of 2008 right before the market fell off a cliff!

So I would say in my experience Peter has been the absolute best at this stuff. The other guys are great in other ways but in terms of market timing and consistency I trust Peter.

XXSPOWER127
XXSPOWER127

$NDX 7-8 - 12.1 /13.8 - 24 day - 15,500 with 80+++ pos projections. Why be bearish??

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