Hi Peter, thank you for the video as always. Do you think that monitoring heavily weighted S&P stocks like TSLA (which still had an upper projection to be met on daily) can help better time the top? If SPX projection is met on a minimum basis but not a maximum basis, do you think that monitoring TSLA (for example) meeting all it's upper projections can be helpful in determining "oh this might be it"?

Thanks Peter! On the SP, doesnt the blue line have to hit 4150? That would mean the midpoint of the daily bar has to be at 4150?

jwkim33366 said:

Thanks Peter! On the SP, doesnt the blue line have to hit 4150? That would mean the midpoint of the daily bar has to be at 4150?

No, JW, the blue line is the daily median on intra-day high and low projection charts, but the projections are given based on extreme highs and lows, not medians. One thing we have not discussed is an alternative projection technique that would actually give a median (blue line) projection. If we do that, however, we have to base the projection on the preceding blue line (median) extreme, not the extreme price. But I don't want to complicate matters now so I will not discuss that method. I do not believe it is as helpful as the current techniques anyway, that look to closing and intra-day extreme projections.>michael221 said:

Hi Peter, thank you for the video as always. Do you think that monitoring heavily weighted S&P stocks like TSLA (which still had an upper projection to be met on daily) can help better time the top? If SPX projection is met on a minimum basis but not a maximum basis, do you think that monitoring TSLA (for example) meeting all it's upper projections can be helpful in determining "oh this might be it"?

There is certainly some merit in following hot stocks, jw, but I would not try to use them to fine tune market timing. TSLA and AAPL are already suggesting potential weakness to come because they have not gone to new highs (at least not yet) while the NASDAQ 100 has gone to new highs. Unless AAPL and TSLA go to new highs soon, their inability to do so suggests market weakness to come.

AY Peter,, yeah i mean the AD so ......got to wait n see

Since your March 19th "danger zone" update the SPX is up 6% and NDX up close to 10% Is that the big final impulse? or is it going to take sell offs and rallies until September(150 month timing stat) to make final high? like in 2000: there was a high print March 2000, but market rallied very far until September 2000 secondary, and final high.

It is apparent that IWM did not get the invitation to the party. This is the most interesting index for me. Based on a previous post it has a projection of around 8 points higher. Either it will rocket up late for the top or we are very close to the top right now. In my humble opinion.

I think IWM heard me. lol. Up 4 points already since I posted earlier.

Hi Peter, for clarity sake... Which exact AD line are we talking about? AD line of NYSE? Or of the SP500 index, or...? I tried to look it up on Bloomberg terminal, but could NOT find any suitable AD line with a numeric value of around 322-324k. Pls kindly advise. Thanks

Hsiang76 said:

Hi Peter, for clarity sake... Which exact AD line are we talking about? AD line of NYSE? Or of the SP500 index, or...? I tried to look it up on Bloomberg terminal, but could NOT find any suitable AD line with a numeric value of around 322-324k. Pls kindly advise. Thanks

NYSE...Advance decline lines do not use absolute numbers because they are begun at an arbitrary level from which we simply add the advances and subtract the declines daily. Unless people begin at the same arbitrary level, everyone's ad-line will be at a different number...