SMC Update 11-02-23

11/02/2023


Comments (4)
We welcome all comments related to market timing. We do not welcome political and insulting comments, however, and comments of a political nature belong elsewhere and could lead to removal and blocking the originator of such political comments.

You cannot post comments.
Sign up for the Video or Bundle membership now and get access to exclusive content!
Login for Members

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)

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

1-4 of 4