SMC Update 12-16-24

12/16/2024


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daniel039209
daniel039209

How do you grade yourself on your work/observations/deductions; all which have been most decidedly bearish since late 2022? Not a passing grade, not a chance. You have made hundreds of negative videos including you tube warnings of imminent decline/severe, cascading declines over and over. And Im not exactly sure when but this spring /May you went on and on about "negative divergence in A/D vs the market. Nothing but vertical market move since then. Then before this 42% move in NDX you went on and on about "VIX SELL SIGNAL< IMMINENT DECLINE COMING". Nothing but vertical move after. You have missed the entire move, at a minimum. In almost everything. Is your plan to say "TOP is here" every day until we have a 4% drop which would take us back to early Nov SPX levels, would that be your victory lap after the 64% move in SPX you went against? (+100 % in NDX) Please Help us all make sense of what your cycle work suggests. You had said 2 years ago, the "long term cycles were turning down",That was not only wrong, it was false. If you follow the FSC guys on you tube. We have been in MAJOR up cycle. Due to start to top in mid 2025- and then it still takes time to turn. Please , lets shoot for some intellectual honesty- the market advance isnt "terrible"- its historically one of the best. Individuals post HIGHER and higher projections that YOU fight against and short against. I guess you really dont believe your own work either.

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