SMC Update 6-10-24

06/10/2024


Comments (3)
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m1.c70
m1.c70

Peter. Don't you think it will be the financial sector and banks that will be a leading indicator ie the first to fall in these unique circumstances of massive liquidity trying to keep things afloat?

daniel039209
daniel039209

reversal day mentioned? well, NDX did reverse; UP 250 and DJIA reversed up 300. Not clear if that is what you had in mind. Last Thursday , the market reversed huge to upside. So, not sure where you have this data that T,TH are reversal days. Wednesday must be rally day then! Had asked about 4 or 5 days ago about checking on AAPL,since your last AAPL viewpoint was decidedly negative when stock was 169.75. Can you somehow follow up on what are projections that are ONE WAY, like where they are dead wrong and better flip the other way. New all time highs again SPX , NDX. What will be the negative, bearish, "house of cards" message tonight?

daniel039209
daniel039209

Nikegreen94937 said:

Peter has no Money ridding on the Market, One day he will get the top right. No skin in the game, Can ride the market up for Many more years to come. Still have higher projection.

exactly. it is really quite amazing to see a seasoned veteran miss one of the biggest up moves in probably 35 years. No way can one ever "make back'' those missed growth opportunities. And yet still, every day, calling the "top is in" "top is close" "look out below" "bear growling louder"--that was beginning of 2023 maybe. Ratios that just explode the wrong way. Never once have i heard an apology, or "oops, i was little wrong there,...."

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