Dear sir, I hand on your every word of wisdom, and wish you would stop apologizing for ANYTHING. Anyone who has been trading for a while should have the sense to know there are no guarantees. Having said that, could you please, for those of us that don't have the software, revisit the stats once in a while, especially now that we are getting into this critical time. Thanks so much.

Thanks Peter, great analysis & guidance as always!

thanks Peter. have a good day off.

Hey Peter can you check XRP and NVDA

From an e-wave standpoint, SPX 3750 looks to be the next target. This syncs up with the descending channel shown at the outset of today's video.

Thank you for your work. Well deserved time off.

Covid low was on March 23, 2020 world bear day…tmrw March 23, 2023 is world bear day, how fitting

help!

Speaking for myself, I didn't have major doubts that we are in a bear market. That said, this market is not predictable at all. The more I think of it, I think the long term downside targets may be still valid, but it's hard to predict the trajectory of this market. My take is that based on planetary cycles, a bottom is very likely around mid'24, but there's going to be ups and downs on the way. It looks the market is ignoring the banking issues possibly because the big brothers - JPMs and BoA's of the world - stand to benefit in an increasing interest rate regime (interest income goes up, interest cost on deposit side does not increase so much leading to higher net interest margins). Ironically, market is also ignoring second round of lay-offs in AMZN and META and NASDAQ 100 is increasingly the leader on the upside.

SCHW rolling over Looks like great short to me 📉 ~ Dorothy

daniel039209 said:

help!

Looks like Help has arrived 😋

Hm no XXSPOWER comments today? Now why could that be...

Last updated 2 years ago

thomblas2051 said:

Covid low was on March 23, 2020 world bear day…tmrw March 23, 2023 is world bear day, how fitting

I think you are spot on, as evidenced by the significant rise of the VIX during today's session. It looks like there will be plenty more fireworks in the coming days. :-)

Enjoy your family. Hopefully soon another daughter-in-law♥️ & more grandchildren. ~Dorothy

szulc2639 Yes, they are making my Puke pattern after collapsing they try to consolidate then roll over like sticking tongue 👅 out to puke 🤮 . EWI poor Steven H guess he’s still counting wave predictions wrong Wiii.

said:

dcarter8883312 said:

SCHW rolling over Looks like great short to me 📉 ~ Dorothy

Been a short for awhile. EWI gave a sell recommendation over 1 month ago.

Last year energy stocks was where PM hid money. Once everyone is long then all that is left to do is sell. Same for Energy complex not just the energy stocks. WTI Crude Oil Price makes no sense unless going into a deep recession/depression. Now PMs have been parking Money in NVDA, AAPL FAANG. Just be careful they will fall harder from this overcrowding over owned. ~Dorothy

MarketTiming01 said:

NDX continues to be amazing ... sure off its highs today, but up up it goes ... ever since this "crisis" began ... hummmmmm

MarketTiming01 said:

NDX continues to be amazing ... sure off its highs today, but up up it goes ... ever since this "crisis" began ... hummmmmm

szulc2639 said:

The NDX seemingly has put in a B wave high that exceeded the 2/2 high by 105.1% yesterday, normal range of a B wave is 90-105% and as high as 138.2% but most fall within the former, 105.1% is within normal range. Today it didn't exceed yesterday's high but retraced a Fibonacci 88.66% (12,900,.68) to 12,900.10 (only 58 cents less), a 2nd wave can retrace up to 100% but not a penny over, then it slid but has yet to take out the low from yesterday. What I would like to see is descending retracement levels on the NDX or less than 88.66 and so on. On the other hand the SPX at yesterday's high fell short of the 68.2% (4047.79) level of the 2/2 high to 4039.49, and again did not exceed what appears to be a 2nd wave up yesterday (4013.09) after the initial wave down falling short today to 4007.66 then sliding coming under 3/20's bar filling the gap between 3/20-21 that may be an exhaustion gap, the SDX unlike the NDX did not exceed either the 2/2 or 3/6 highs. To add further evidence to the bearish case that is mounting coming under 3/13's low would be the next step. The Russell negated any bullish island reversal since it violated it's 3/15 low and didn't even exceed the 23.6% level of the decline from the 2/2 high, it is clearly the weakest link but rallied after making a new low. If today's highs remain intact then a 3rd wave down is next and it is in it's infancy, the rally off today's lows appear to be 3 waves at this time, and has no business above today's highs if the bearish case is correct.

Appreciate your insight

If i remember correctly SPY still has an above projection of 430-450 (something like that). The last decline brought us to exactly the cycle lines, bounced off them and didn't invalidate the upward projections (which have a success rate of 70/80%- if i recall). Just to bring some balance to a bearish bias (I am neither bull or bear as i trade daily only).