SMC Update 8-14-24

08/14/2024


Comments (8)
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XXSPOWER127
XXSPOWER127

I was waiting .. and waiting .. and waiting .. and waiting For you to say I DONT THINK THIS WILL HAPPEN. But this time you didn't say it. Now that makes me suspect when a bear 🐻 of such bear 🐻 all the time is.. 😱 Surprised you have not talked about the VIX AND it's HISTORIC move this week. YUGE

daniel039209
daniel039209

Looking back, on Aug 5th you said,(qoute,) " There is NO SIGN the correction(selling) has ended, projections tell us so" . since that video we have rallied in the NDX over 1700 points. And now you point to possible new high in SPX. Again, how do you use this system to make actual profits? You are doubly, triply negative on the lows, consistently. ANd i would echo the other xxspower comment; you NEVER DONT doubt that we are going to a high projection. Although you did spend the rest of video comparing 2 other data points supporting further collapse. Sounds like you are trying to turn bullish? Seasonal behavior after Sep/Oct is ,as you know in your 50 years of experience, usually more bullish. Please make sense of your bearish but now bullish, but really still bearish view.

XXSPOWER127
XXSPOWER127

The VIX has declined 58% (from 38.57 to 16.19) over the last 7 trading days, the biggest 7-day volatility crash in history

Look at $NVDA 100% projection for 7/8 day to 132 .. tell your SUBS

OH WAIT .. I will never mind

gbblstmm4831
gbblstmm4831

Bearish at the low, bullish at the highs, as usual. And these are huge percentage swings that matter. How could anyone make money using this system?

XXSPOWER127
XXSPOWER127

gbblstmm4831 said:

Bearish at the low, bullish at the highs, as usual. And these are huge percentage swings that matter. How could anyone make money using this system?

Because he does not look at other Indicators when we have a down days and we hit lower projections and we still have YUGE monthly projections which he never looks at. You should look at the monthly projection for the Nasdaq. It's at 23,000 but he never looks at it.!! He never looks at 9 mile naiad new highs new Lowe's. He just thinks we're going to drill down to the center of the Earth once we have a down day.πŸ˜‚πŸ€£πŸ˜‚πŸ€£πŸ₯²

XXSPOWER127
XXSPOWER127

XXSPOWER127 said:

gbblstmm4831 said:

Bearish at the low, bullish at the highs, as usual. And these are huge percentage swings that matter. How could anyone make money using this system?

Because he does not look at other Indicators when we have a down days and we hit lower projections and we still have YUGE monthly projections which he never looks at. You should look at the monthly projection for the Nasdaq. It's at 23,000 but he never looks at it.!! He never looks at 9 mile naiad new highs new Lowe's. He just thinks we're going to drill down to the center of the Earth once we have a down day.πŸ˜‚πŸ€£πŸ˜‚πŸ€£πŸ₯²

Using SIRI she stooopid speller.

XXSPOWER127
XXSPOWER127

YUGE

2000 POINTS IN 6 DAYS

NOT

BEARISH

BULL

MARKET

daniel039209
daniel039209

From weekend update, there was 24 mins of "significant downside" warnings and major resistance lines, All that were blown away, your 18,688 level possibly 19,100 level were shattered. We are 19600 on the NQ futures today. Can you show daily ranges for spx, ndx, whatever, so we know BEFORE 988 or 2000 points are missed that we should be-as your video pointed out late last night, maybe we are going up now. BUT then spent the rest of video detailing how often big upsides fail. And this one due to ???? over valuation? would likely fail. How are the long term cycles? I've read late 2025 you can worry about long term cycles turning down. NOT late 2022, all of 2023, all of 2024 you have been inflexible on the upside. What makes you look at your work in an intellectually honest way. Or do you think you have had a "good call" the past (its going on )20 months- almost 2 years of bearish commentary and outlook.

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