SMC Update 8-29-24

08/29/2024


Comments (5)
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daniel039209
daniel039209

More questions than answers; since the SOX & NDX HAVE been leading / advancing for 20 months, do you really believe that they are the ONLY group that has to always go up for the market to go up?? Leadership never changes over market cycles ?? That is completely false. And you used to - for months - say “ TOP IS IN” “ SIGNIFICAnt downside , snowballing, water falling …is about to happen”. And now you say “ can’t get bearish just yet…”??? Please say one thing and mean it. Not 4 possibilities. What’s seasonality look like ??

ericoh792283
ericoh792283

Time to buy calls when Eliades calls for Top

daniel039209
daniel039209

ericoh792283 said:

Time to buy calls when Eliades calls for Top

you got that right! only 9 out of last 10 months UP.
Turns out it wasnt the all time top of our lifetimes months ago. Oh well, there is alway the mid 2025 time frame when some very good cycle, technical guys look for problems with bull market. Meaning, downturn.

XXSPOWER127
XXSPOWER127

HILARIOUS !

DAX ALL TIME HIGH DOW ALL TIME HIGH RSP EQUAL WEIGHT ALL TIME HIGH FINANCIALS ALL TIME HIGH

BUT HE FOCUSES ON ???? WHAT

I CANT WAIT FOR NVDA TO GO BACK TO 130 AND WRECK OR IS IT RECKT MORE #HAVOC

AI

Ai

AI AI AI

andriesvanstaaden5003
andriesvanstaaden5003

daniel039209 said:

More questions than answers; since the SOX & NDX HAVE been leading / advancing for 20 months, do you really believe that they are the ONLY group that has to always go up for the market to go up?? Leadership never changes over market cycles ?? That is completely false. And you used to - for months - say “ TOP IS IN” “ SIGNIFICAnt downside , snowballing, water falling …is about to happen”. And now you say “ can’t get bearish just yet…”??? Please say one thing and mean it. Not 4 possibilities. What’s seasonality look like ??

the top is early 2025 as you said...you are right. And I bought the dip as previously commented. thanks for the insights. spot on,

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