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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I am honored to be a subscriber. No kidding either Peter. Many thanks for your one of a kind analysis.
Russia hikes to 12.5 % to protect the Ruble as it's hits 100 overnight. Fitch warns of coming Bank downgrades. The SPX,DAX,and Japan all look to have started primary 3rd waves down. As Brian posted the excellent article by Chris Carolan this week starts a new Lunar cycle....a dark to slightly crescent moon till Friday. Fertile ground for lots of volatility to the downside. Another note the JNK has a large top with a impulse down. The bounce has left a compact H&S pattern and at todays open will probably gap down through the neck line. Starting to look like the beginnings of a historic bear market.
Big question can they save it from a new low of the day in the last hour. Third waves usually close on the LOD....let's see what happens.
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Absolutely nothing bullish in today's market anywhere except calls or puts or some vehicle that moves counter trend to the SPX. A good day for the bears and what I expected. Good luck. Thanks Peter....I look forward to your commentary.
Hey Brian, I think you are right....now if I can just catch the bottom of this beast and ride it up....target October lows for a harmonic bear pattern, Congrats to Brian and Peter.
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