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dr191103
Peter I believe you were referring to my comment about a projection being given AND met on the same day. I did not say they were not helpful or actionable. I was stating that the statistics would be skewed because your software would include that as a projection met. If the projection is given and met at the exact same moment is that really a future price "projection"? So IF I run the statistics on a certain cycle length I am starting to question how many of the projections reached were given and met on the same day. Wouldn't it be more accurate to exclude those somehow? I think most traders are hoping a projection would be given for some point in the future. I myself prefer to swing trade. So when I see stats of projections reached I am hoping they were given several days/weeks before they were met. After all, even the shortest cycle projection is 1.75-2 should give us a projection that will or will not occur in or around that time frame. I hope you see what my original question was really about. Please don't take offense. I use your software daily.
daniel039209
The frustration for many market players is that there is been a wealth of data that "market is too high in comparison to GDP" Hussman, Mclellan, all the usually "good" indicators have been WRONG since at least March. Early is just wrong. Peter, in the past you would have or would plan to take a position that is supported by your cycle work. Have you bought any downside Rydex like bearish ETFs? Or will you ?And will you alert the subscribers to that. That might prove to be the strongest possible belief in the work. Otherwise, people are getting out and/or getting short with every "red flag top warning". >dr191103 said:
Peter I believe you were referring to my comment about a projection being given AND met on the same day. I did not say they were not helpful or actionable. I was stating that the statistics would be skewed because your software would include that as a projection met. If the projection is given and met at the exact same moment is that really a future price "projection"? So IF I run the statistics on a certain cycle length I am starting to question how many of the projections reached were given and met on the same day. Wouldn't it be more accurate to exclude those somehow? I think most traders are hoping a projection would be given for some point in the future. I myself prefer to swing trade. So when I see stats of projections reached I am hoping they were given several days/weeks before they were met. After all, even the shortest cycle projection is 1.75-2 should give us a projection that will or will not occur in or around that time frame. I hope you see what my original question was really about. Please don't take offense. I use your software daily.
dr191103 said:
Peter I believe you were referring to my comment about a projection being given AND met on the same day. I did not say they were not helpful or actionable. I was stating that the statistics would be skewed because your software would include that as a projection met. If the projection is given and met at the exact same moment is that really a future price "projection"? So IF I run the statistics on a certain cycle length I am starting to question how many of the projections reached were given and met on the same day. Wouldn't it be more accurate to exclude those somehow? I think most traders are hoping a projection would be given for some point in the future. I myself prefer to swing trade. So when I see stats of projections reached I am hoping they were given several days/weeks before they were met. After all, even the shortest cycle projection is 1.75-2 should give us a projection that will or will not occur in or around that time frame. I hope you see what my original question was really about. Please don't take offense. I use your software daily.
i would agree with the above. would be tough day trading,paying the market price as it moves above both lines only to turn and sell it almost the next hour
dciwinski973
Thank you Peter! This has been one drawn out process. Maybe it is just me but I cannot help but see euphoria nearly everywhere I look. Out of curiosity have you ever done a chart on an inverse ETF? I know it should be in (inverse) line with the broad index projections but it would be interesting to see what such a chart would show. For example. SQQQ
ar5412829
Peter, I seeing number of software and services. But your software is one of the best I seen.
Optimus
Thanks. I agree that it is just a matter of time now. I did have a question: I have noticed the volatility (VIX) is near its 52-wk low. As long as it stays low, is it probable that a top is not imminently imminent? (Something I was reading over the weekend and wanted to check on the validity of such a theory).
spencerdavis2000
Peter you need to only use BTCUSD for bitcoin. There you will see the projection box midpoint $5k and upper is $11k but the difference is the DOWNSIDE stats for BTCUSD is 75% for 5 years
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Comments (6)
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Peter I believe you were referring to my comment about a projection being given AND met on the same day. I did not say they were not helpful or actionable. I was stating that the statistics would be skewed because your software would include that as a projection met. If the projection is given and met at the exact same moment is that really a future price "projection"? So IF I run the statistics on a certain cycle length I am starting to question how many of the projections reached were given and met on the same day. Wouldn't it be more accurate to exclude those somehow? I think most traders are hoping a projection would be given for some point in the future. I myself prefer to swing trade. So when I see stats of projections reached I am hoping they were given several days/weeks before they were met. After all, even the shortest cycle projection is 1.75-2 should give us a projection that will or will not occur in or around that time frame. I hope you see what my original question was really about. Please don't take offense. I use your software daily.
The frustration for many market players is that there is been a wealth of data that "market is too high in comparison to GDP" Hussman, Mclellan, all the usually "good" indicators have been WRONG since at least March. Early is just wrong. Peter, in the past you would have or would plan to take a position that is supported by your cycle work. Have you bought any downside Rydex like bearish ETFs? Or will you ?And will you alert the subscribers to that. That might prove to be the strongest possible belief in the work. Otherwise, people are getting out and/or getting short with every "red flag top warning". >dr191103 said:
i would agree with the above. would be tough day trading,paying the market price as it moves above both lines only to turn and sell it almost the next hour
Thank you Peter! This has been one drawn out process. Maybe it is just me but I cannot help but see euphoria nearly everywhere I look. Out of curiosity have you ever done a chart on an inverse ETF? I know it should be in (inverse) line with the broad index projections but it would be interesting to see what such a chart would show. For example. SQQQ
Peter, I seeing number of software and services. But your software is one of the best I seen.
Thanks. I agree that it is just a matter of time now.
I did have a question: I have noticed the volatility (VIX) is near its 52-wk low. As long as it stays low, is it probable that a top is not imminently imminent? (Something I was reading over the weekend and wanted to check on the validity of such a theory).
Peter you need to only use BTCUSD for bitcoin. There you will see the projection box midpoint $5k and upper is $11k but the difference is the DOWNSIDE stats for BTCUSD is 75% for 5 years
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