Excellent updates Peter. Thank you. As I am fairly new to your system what would it take for a set of new higher projections to be made? What if the market simply extends higher than the projections? There was an interesting YouTube video today titled Will a Bear Market CRASH start this Year? It showed a trend line whose top was 1929, 1999 and just now in 2021 the Dow hit this trend line for only the 3rd time! All interesting things.

Thank you Peter, is it possible for you to give us a review of the NDX, you concentrate on this as a leading indicator for a few day, but have not give and more update ?. Are we looking at a blow off top, which will coincide with spx target. Thank you.

Tom DeMark was on Jim Cramer's "Mad Money" show last night. He's had some pretty good top and bottom calls in the past using his system. We're currently at day #11 in the countdown to a potential top for both the S&P 500 and the Dow. Just two more days with closes higher than two days prior are needed to get to day #13 to complete the countdown. DeMark also has a projection of 4139 for that top. Right in the ballpark of what Peter's software is telling us. Also, on a weekly bar, I believe he said that this week will be #13 in a weekly countdown if it closes higher than last week's close. I'm also seeing a lot of other technicians pinpointing the 4100-4150 area for a top using other methods. I'm definitely paying attention! Here's a tutorial that explains DeMark's system, and gives an example of the October 1987 top: https://www.northernraven.com/tutorial/demark-basics-the-counts-setups-and-sequential-13/#:~:text=The%20most%20widely%20known%20DeMark,required%20to%20identify%20such%20points

Last updated 3 years ago

srblack1960144 said:

Tom DeMark was on Jim Cramer's "Mad Money" show last night. He's had some pretty good top and bottom calls in the past using his system. We're currently at day #11 in the countdown to a potential top for both the S&P 500 and the Dow. Just two more days with closes higher than two days prior are needed to get to day #13 to complete the countdown. DeMark also has a projection of 4139 for that top. Right in the ballpark of what Peter's software is telling us. Also, on a weekly bar, I believe he said that this week will be #13 in a weekly countdown if it closes higher than last week's close. I'm also seeing a lot of other technicians pinpointing the 4100-4150 area for a top using other methods. I'm definitely paying attention! Here's a tutorial that explains DeMark's system, and gives an example of the October 1987 top: https://www.northernraven.com/tutorial/demark-basics-the-counts-setups-and-sequential-13/#:~:text=The%20most%20widely%20known%20DeMark,required%20to%20identify%20such%20points

srblack1960144 said:

Tom DeMark was on Jim Cramer's "Mad Money" show last night. He's had some pretty good top and bottom calls in the past using his system. We're currently at day #11 in the countdown to a potential top for both the S&P 500 and the Dow. Just two more days with closes higher than two days prior are needed to get to day #13 to complete the countdown. DeMark also has a projection of 4139 for that top. Right in the ballpark of what Peter's software is telling us. Also, on a weekly bar, I believe he said that this week will be #13 in a weekly countdown if it closes higher than last week's close. I'm also seeing a lot of other technicians pinpointing the 4100-4150 area for a top using other methods. I'm definitely paying attention! Here's a tutorial that explains DeMark's system, and gives an example of the October 1987 top: https://www.northernraven.com/tutorial/demark-basics-the-counts-setups-and-sequential-13/#:~:text=The%20most%20widely%20known%20DeMark,required%20to%20identify%20such%20points

Question to Peter are there times when the index can overshoot a projection and keep on going even if no higher projection is outstanding. thanks

Thanks Peter for showing the AD line. It will be interesting to see how this plays out. I am guessing it pulls back greatly for a few months, then starts to head up again, but the AD line doesn't go as high and it either makes a double top or something in that realm to meet the 150 month plus or minus a month forecast?
Interesting times. Peter, did you also see the call from Larry Williams which sounds like he is also calling for a top https://www.youtube.com/watch?v=rFAPFIurdEA

srblack1960144 said:

Tom DeMark was on Jim Cramer's "Mad Money" show last night. He's had some pretty good top and bottom calls in the past using his system. We're currently at day #11 in the countdown to a potential top for both the S&P 500 and the Dow. Just two more days with closes higher than two days prior are needed to get to day #13 to complete the countdown. DeMark also has a projection of 4139 for that top. Right in the ballpark of what Peter's software is telling us. Also, on a weekly bar, I believe he said that this week will be #13 in a weekly countdown if it closes higher than last week's close. I'm also seeing a lot of other technicians pinpointing the 4100-4150 area for a top using other methods. I'm definitely paying attention! Here's a tutorial that explains DeMark's system, and gives an example of the October 1987 top: https://www.northernraven.com/tutorial/demark-basics-the-counts-setups-and-sequential-13/#:~:text=The%20most%20widely%20known%20DeMark,required%20to%20identify%20such%20points

Tom is a good market friend, and an excellent analyst!