SMC Update 12-14-23

12/14/2023


Comments (11)
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brian1469
brian1469

Thanks Peter! You brought up the the 189/194 on the daily Nasdaq Composite. I believe it really is the thing that has made this whole upswing for the past year very difficult. The price action followed the continuum for the first six months of the year but it invalidated the upper projection when I think we should have taken a less significance to that invalidation

But today on the SPX we hit the mid point of the 189/194 on the daily. I thought to myself wow it would have really been nice to see that the whole time and probably would have made it so much easier to be bullish. We also almost invalidated at the low in October this year but we didn't.

If we would have had this projection like we should have from the October low last year until today hitting the midpoint. I think we would all of had the attitude of we have finally reached the peak of the countertrend rally. What I am getting at I am putting a lot of significance into hitting that today.

I will also add the ES projection of 189/194 starts at 4813. So we might have a little bit to go still.

I will also add all these long term 100/110 lower projections have had similar price action that has invalidated the price projection but the price action has been hugging the continuum the whole time. So my feeling if we do top out here I believe we do need to look at all those lower projections on the 100/110 and if we start falling again I think we can look at all those as bottoms. Just as we should have been thinking the 189/194 should be the top right now.

bobby4649
bobby4649

Peter i am new. have to say i was astonished today when the IWM hit 200.

XXSPOWER127
XXSPOWER127

bobby4649 said:

Peter i am new. have to say i was astonished today when the IWM hit 200.

LOL !!!

HOW ARE YOU "astonished" ???????

THE PROJECTIONS SHOWED IT

My god u sheep ...

Look here is a wolf ...

A) LOOK AT UPPER PROJECTIONS .. AND BELIEVE IN FOMO ENTER TRADE AND WATCH BEARS GET " F " BEHIND THE SHED

Look here is sheep

B) Look at Upper PROJECTIONS

(*) THIS is the best part ... ready ?
LISTEN .. TO PETER AND WHEN HE SAYS " DO I THINK THEY WILL GET THERE " and then he says "NO" OR .. THE REASON WHY I THINK THIS UPPER PROJECTION WILL NOT BE MET IS DUE TO ( some crazy reason )

THEN the sheep enter pUTZ ! LOL AND THEY wear Bear suits.

APPLE TO 215 DOW 40,000 /NQ 19000 /RTY 2100

YOU THINK AAPL DOESN'T LEAD ? HAHAHAA

LOOK AT VIX HE DOESNT EVEN MENTION IT

LOOK AT THE PROJECTIONS OF IT

OMG

astonished

astonished LMAO

XXSPOWER127
XXSPOWER127

@@@@@@@@@@@ SHEEP !!

LOOK ITS EASY

SEE THIS ?

https://stockmarketcycles.com/indicators/eliades-cycle-price-projections-web

THIS YOU DONT NEED SOFTWARE FOR

48.4

THERE IS 100 POINTS +++ STILL

DONT THINK IT WONT HIT IT..

NEW HIGHS FOR EVERYONE

/YM /ES /NQ /RTY /EMD

ALL OF THEM

WATCH.

bobby4649
bobby4649

XXSPOWER127 said:

bobby4649 said:

Peter i am new. have to say i was astonished today when the IWM hit 200.

LOL !!!

HOW ARE YOU "astonished" ???????

THE PROJECTIONS SHOWED IT

My god u sheep ...

Look here is a wolf ...

A) LOOK AT UPPER PROJECTIONS .. AND BELIEVE IN FOMO ENTER TRADE AND WATCH BEARS GET " F " BEHIND THE SHED

Look here is sheep

B) Look at Upper PROJECTIONS

(*) THIS is the best part ... ready ?
LISTEN .. TO PETER AND WHEN HE SAYS " DO I THINK THEY WILL GET THERE " and then he says "NO" OR .. THE REASON WHY I THINK THIS UPPER PROJECTION WILL NOT BE MET IS DUE TO ( some crazy reason )

THEN the sheep enter pUTZ ! LOL AND THEY wear Bear suits.

APPLE TO 215 DOW 40,000 /NQ 19000 /RTY 2100

YOU THINK AAPL DOESN'T LEAD ? HAHAHAA

LOOK AT VIX HE DOESNT EVEN MENTION IT

LOOK AT THE PROJECTIONS OF IT

OMG

astonished

astonished LMAO

CS37
CS37

bobby4649 said:

XXSPOWER127 said:

bobby4649 said:

Peter i am new. have to say i was astonished today when the IWM hit 200.

LOL !!!

HOW ARE YOU "astonished" ???????

THE PROJECTIONS SHOWED IT

My god u sheep ...

Look here is a wolf ...

A) LOOK AT UPPER PROJECTIONS .. AND BELIEVE IN FOMO ENTER TRADE AND WATCH BEARS GET " F " BEHIND THE SHED

Look here is sheep

B) Look at Upper PROJECTIONS

(*) THIS is the best part ... ready ?
LISTEN .. TO PETER AND WHEN HE SAYS " DO I THINK THEY WILL GET THERE " and then he says "NO" OR .. THE REASON WHY I THINK THIS UPPER PROJECTION WILL NOT BE MET IS DUE TO ( some crazy reason )

THEN the sheep enter pUTZ ! LOL AND THEY wear Bear suits.

APPLE TO 215 DOW 40,000 /NQ 19000 /RTY 2100

YOU THINK AAPL DOESN'T LEAD ? HAHAHAA

LOOK AT VIX HE DOESNT EVEN MENTION IT

LOOK AT THE PROJECTIONS OF IT

OMG

astonished

astonished LMAO

Bobby: Sorry to see that BYOA ("BIGLY YUGE ON AMPHETAMINES", as I call him) shows us all why he takes drugs to trade, and decided to take it out on you. It helps him overcome his fear of losing money, if he's wrong. Unfortunately, this also manifests as wanting to ridicule / abuse those that do not share his drug-distorted views / approach to trading. Interesting isn't it? Shouldn't the vast profits that he is implying he's making -- or is about to make -- be sufficient for him, or anyone else?

No, obviously BYOA also has some deep-seated, internal need for external recognition / acknowledgement, in some form. He really wonders why virtually all subscribers here ignore the noise that he generates. And, you should as well. Here's some actual "choice quotes" directly extracted from BYOA's drug-induced rants:

XXSPOWER127 @@@@ HOW CRAZY ARE ALL OF YOU THAT U THINK THIS WILL ALL RETRACE???
Get A #CLUE !!

XXSPOWER127 @@@ my 48.4 $SPX.X STILL NOT MET NOT SURE what PROJECTIONS you see but MY SOFTWARE THAT I PAY FROM YOUR SITE SAYS 4679 FOR MARCH CONTRACT FOR SPX THEN /ES BIG !!! HUGE !!! UPSIDE WHY DOES NO ONE SEE THIS ???????????? WHAT THE HECK IS YOUR PROBLEM ?

XXSPOWER127 /NQ WEEKLY 10.10 17160 TO 17250 AM I THE ONLY ONE WHO SEES IT? ALL PROJECTIONS TO UPSIDE NOT MET I KEEP TELLING YOU BUT NO ONE LISTENS

There's lots more, but I'm sure you get the idea.

BYOA's approach is take a position, pop his amphetamine pill in the morning, and then

@@@@@@ A TRADING GOD, I HAVE BECOME

OMG! EVERYONE ELSE IS S#*T!

WHATEVER I WANT TO HAPPEN IS GOING TO HAPPEN JUST BECAUSE

AND YOU CAN ALL HEAR ME BETTER BECAUSE EVERYTHING IS IN CAPS

TOO BAD I LOSE MY ABILITY TO WRITE INTELLLIGIBLE ENGLISHH SENNTENCES BEEECAAAUSSE TOOOOKKK TOOOOO MUCH SPEEEED TODAY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

BIGLY

YUGE AIEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!

Ummm ... yeah! So that's what BYOA is all about. Hope that helps.

Last updated

bobby4649
bobby4649

CS37 thanks, you are kind to take your time out to explain the nuances. XXSPOWER127 glad to be entertaining for you. thank you for your color. Best

CS37
CS37

bobby4649 said:

CS37 thanks, you are kind to take your time out to explain the nuances. XXSPOWER127 glad to be entertaining for you. thank you for your color. Best

Bobby: Glad to help.

There is some credible speculation that the sudden rise of the Russell 2000 is due to hedge funds getting caught in their long-term short positions in stocks that make-up the Russell 2000. They were forced to cover by buying these shares back, hence a classic short squeeze.

See 2m 59sec in this YouTube video: https://www.youtube.com/live/HINC5ANkyVI?si=CdVbVtto_a4ZPIfc&t=180

XXSPOWER127
XXSPOWER127

LMAO

what's another 100 points when you research MONTHLY PROJECTIONS

TQQQ

TOLD YA !!

Sheep

🐑

XXSPOWER127
XXSPOWER127

CS37 said:

bobby4649 said:

CS37 thanks, you are kind to take your time out to explain the nuances. XXSPOWER127 glad to be entertaining for you. thank you for your color. Best

Bobby: Glad to help.

There is some credible speculation that the sudden rise of the Russell 2000 is due to hedge funds getting caught in their long-term short positions in stocks that make-up the Russell 2000. They were forced to cover by buying these shares back, hence a classic short squeeze.

See 2m 59sec in this YouTube video: https://www.youtube.com/live/HINC5ANkyVI?si=CdVbVtto_a4ZPIfc&t=180

BEAR

Soup

CS37
CS37

XXSPOWER127 said:

CS37 said:

bobby4649 said:

CS37 thanks, you are kind to take your time out to explain the nuances. XXSPOWER127 glad to be entertaining for you. thank you for your color. Best

Bobby: Glad to help.

There is some credible speculation that the sudden rise of the Russell 2000 is due to hedge funds getting caught in their long-term short positions in stocks that make-up the Russell 2000. They were forced to cover by buying these shares back, hence a classic short squeeze.

See 2m 59sec in this YouTube video: https://www.youtube.com/live/HINC5ANkyVI?si=CdVbVtto_a4ZPIfc&t=180

BEAR

Soup

B.S. Yeah, I finally agree with you, BYOA!

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