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SMC Update 8-27-24

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08/27/2024

Comments (2)
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daniel039209
daniel039209

I am compelled to respond to yet another “full of holes “ video. You have the audacity to say “we need to see Ndx /SOx” get above offset lines EVEN THOUGH THE SPX NYA, Wiltshire , all at ATH. It is rare that all indices are in major new high up moves when averages make new highs, very rare. Different sectors lead in different environments. And on top of this ,Peter , for 19 months you pointed out the UNDERPERFORMANCE of RSP or equal weight NASDQ. As reason to stay bearish. All the while , the market advanced no less than 50%. You only tripled down on bearish calls when undercut offsets. At the lows , always. Why would results be any different now that SPX is above continuum and you are turning bullish? What happened to your “overvaluation” cries? It’s really clear that you are so dug into what you want to happen. You want the market to crash, why? Just about time to short the market if you call out “ all clear to upside”. Can’t wait for that. Please do a YouTube video soon.

andriesvanstaaden5003
andriesvanstaaden5003

daniel039209 said:

I am compelled to respond to yet another “full of holes “ video. You have the audacity to say “we need to see Ndx /SOx” get above offset lines EVEN THOUGH THE SPX NYA, Wiltshire , all at ATH. It is rare that all indices are in major new high up moves when averages make new highs, very rare. Different sectors lead in different environments. And on top of this ,Peter , for 19 months you pointed out the UNDERPERFORMANCE of RSP or equal weight NASDQ. As reason to stay bearish. All the while , the market advanced no less than 50%. You only tripled down on bearish calls when undercut offsets. At the lows , always. Why would results be any different now that SPX is above continuum and you are turning bullish? What happened to your “overvaluation” cries? It’s really clear that you are so dug into what you want to happen. You want the market to crash, why? Just about time to short the market if you call out “ all clear to upside”. Can’t wait for that. Please do a YouTube video soon.

for sure hence staying long. buying the dips

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