SMC Update 11-6-24

11/06/2024


Comments (4)
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dkhatri5034
dkhatri5034

What are those lessons so far? Believe in the projections. Why are we always looking at possible Bearish scenarios? It fits with your narrative? Did you get your president? That Narrative failed?? One does not get one wants in life, It's always the opposite.

daniel039209
daniel039209

It is hard to take what is posted on these videos very seriously. Peter had put the IWM and the DJ TRAN on " death watch" 5 days ago. New highs in the TRAN and the IWM making run at its 2021 high. Yet, it has been an " important top " since Oct 2022. The market is up 12/13 months and by alot, historical type gains. Yet, still convinced some stopping point on an infinite line that ONLY GOES higher. Where is your tops line in 6 months? You just went against every technical indicator and are stuck in the 1970's market. Where tech/healthcare/organizational systems didnt exist. Keep calling the top, it wont happen till you stop. April/May 2025 cycles actually turn. You have been dead to rights wrong the whole advance. Jim Simmons advised finding a data points that are consistent, whether mostly right or mostly wrong, and use aggressively.

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gbblstmm4831
gbblstmm4831

Omg literally wrong the entire year...again!

dkhatri5034
dkhatri5034

There is no way we are looking at the top, what if we have gap up and go? Powell can just print more money. Does that mean money from nothing is worth more paper money than real things? 1929 money was linked to Gold. Now it's linked to money from nothing. Comes out from thin air. Read projection, still can go higher with loop projection.

Why is Powell cutting rates? He can also do QE and cuts rates. That would be a double blow to Peter bearish scenarios.

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