SMC Update 12-7-22

12/07/2022


Comments (4)
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mikepowell.vietnam107
mikepowell.vietnam107

Thanks Peter. I ran the statistics back 10 years on the 65 minute chart offset 21/24 for QQQ and there have been 302 downside projections of which 220 of them were reached. 72.85% win rate. The current projection aligns with the gap fill from the CPI report on November 10th. There is plenty of room to rally back up to the 10 EMA without invalidating the projection. Can’t see the market selling off in a straight line without reconnecting with the 10 EMA and hopefully a rejection to resume to the downside gap fill.

alangr2269
alangr2269

HI Mr. Elides, can you factor in your colleagues at the FSC board, saying Sarubbi's research is based on FSC Founder Edward R. Dewey's article* Stock Prices, Mercury and Space, in which Dewey states, "Significant correspondence exists between monthly changes in the Dow Jones Industrial Average, 1897-1961, and certain relationships between the earth, the sun, certain planets, and space." in the discussion they said from the 15th -first week in Jan there was an 89% chance of dow rising. how does this fit in the projections and the vix.

spencerdavis2000
spencerdavis2000

thanks Peter

m1.c70
m1.c70

Thanks Peter. On the app we have to very different projections of USO on weekly on 39/40 very low target and 100/110 a high target. Can you give us some expert interpretation of these.

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