SMC Update 11-02-23

11/02/2023


Comments (6)
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brian1469
brian1469

Thanks Peter! The projections have worked fine.

When you have wars breaking out and government liquidity drops from Japan and the US that were kind of unexpected you get a market that is hard for any system to work in or should I say navigate.

I will say I am leaning much more to the bullish side until we actually get something more to go on for the bearish case at this stage. I thought at the beginning of the week we would get a capitulation bottom to buy but that doesn't look like it will happen now

daniel039209
daniel039209

I’m curious; 2 days ago UPSIDE for SPX was 4140-4160 how did it come to be that todays 4317 close is right at projection level? Huh? Same on NDX; other day projection to upside was possibly 14,604~14700; we end up 300 HIGHER and somehow it’s just in the green projection box? That is quite the leap to say “ we nailed it again” I’ll say it again and you 1/2 got it; SITUATIONAL AWARENESS. , need to know where you are versus where you almost always want market to go (3900, 3700 SPX 6000 on NDX) ALSO, I will say it again this ain’t 2000 and this ain’t 2021 (in front of no profit companies overpriced & interest rate policy change). Your 2 samples don’t mean that much, sorry ( ratio ndx/dji)

brian1469
brian1469

daniel039209 said:

I’m curious; 2 days ago UPSIDE for SPX was 4140-4160 how did it come to be that todays 4317 close is right at projection level? Huh? Same on NDX; other day projection to upside was possibly 14,604~14700; we end up 300 HIGHER and somehow it’s just in the green projection box? That is quite the leap to say “ we nailed it again” I’ll say it again and you 1/2 got it; SITUATIONAL AWARENESS. , need to know where you are versus where you almost always want market to go (3900, 3700 SPX 6000 on NDX) ALSO, I will say it again this ain’t 2000 and this ain’t 2021 (in front of no profit companies overpriced & interest rate policy change). Your 2 samples don’t mean that much, sorry ( ratio ndx/dji)

The first was the 1.75/2 daily projection the next was the 3/5 daily projection. Then we now have the 7/8 above us. Things ladder up and ladder down in the projections. The market just moved 5% in 4 days so it blew past everything quick

daniel039209
daniel039209

Brian- thank you for data points. Yes, exceptional move that I shorted into today with those lower projected upside targets as a reference. And even if AAPL falls and stays down, won’t make a dent in indices

jjay636
jjay636

Finally Peter you are starting to admit that price projections alone mean very little especially if they are longer projections. Somehow timing cycles need to be incorporated in your analysis to get both price and time right to be of any use for trading. By counting on the longer term projections alone this software kept one out of the market for the whole run-up from October 2022 to July 2023, which has absolutely been painful to watch.

malis100298
malis100298

Thank you Dear Peter. I am relaxed now

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