Peter Eliades’ name has been associated with stock market cycles since at least 1974 when his cycles predicted the exact low week of December 9-13, 1974. In 2020, after decades of painstaking progress, Peter released the first fully implemented cycle price projection software, Eliades Cycle Price Projections. Through this website you will access the opportunity to be exposed to this software and his accompanying market commentary.
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Did he seriously just advise his subscribers to “remove all stops?” Lol what could go wrong!? Who would listen to such advice from a guy with his track record??
What is disturbing with Peters' dug in bearish stance , since below 11000 on NDX and doubling down bearish 14000. We sit at 20500. even if we fell 8% tomorrow , it would be back to June1 level. I dont think he can change his bearish stance. Transports were weak, now not so much. NDXE was weak, now , not so much. GLD was weak, now, not so much. A/D was weak but yest 2:1 +, today almost 4:1 + NVDA has pulled back last 5-6 days. Resulting in NEW ALL time highs for the nasdq and re rally in SOX. I dont know what piece of information BESIDES actual downside projections is actual important. . Disturbing analysis.
It is like "we need more cowbell!" We need more top levels, get rid of the old ones.
Wednesday Update: We now need 1689 cumulative net advances to eliminate the current breadth divergence; 1042 fewer than yesterday
That’s from Walter Deemer, esteemed market technician. The whole bear argument that A/D is awful for that last 10% rally is about to be thrown about the window. Like I said before it usually resolves its condition. I’m sure Peter has argument against that
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