SMC Update 8-7-23

Mon, 08/07/2023 Monday, 08/07/2023 9:12 PM PDT


Comments (12)
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Peter Eliades
Peter Eliades

I would like to take Bill Gates and the whole MS Company to the guillotine. My apologies for a very late update but as I explain in the update I was tricked into updating to Windows 11 today and it has been nothing but a nightmare ever since from start to finish in the whole updating process...from recording to rendering to editing to uploading. I hope the problems will not carry through to tomorrow. Again, my apologies!!

fast3777
fast3777

Hello Peter, I second your motion on Bill Gates. Now my market thoughts: Is silver the canary in the coal mine? BTC needs to start down here. Is this a B wave down? Could be but then again this market should be weak enough to come down. The big question is are the big banks done making a top? The UST also needs to start down. We shall see. Thanks Peter

fast3777
fast3777

Could get ugly.

fast3777
fast3777

The Dow takes out the previous day low then the leading diagonal lower is a real possibility. Flip and we could be down 800 to a thousand. Japan would be in big 3 of 3.

fast3777
fast3777

This market hasn't even started to come down.

fast3777
fast3777

In the Dow Friday's high of 35505 and yesterday's high of 35497 was a really bearish close.

fast3777
fast3777

I'm watching the Japan futures. Could start down in earnest and be in 3 of 3 of supercycle wave C.

daniel039209
daniel039209

fast3777 said:

Hello Peter, I second your motion on Bill Gates. Now my market thoughts: Is silver the canary in the coal mine? BTC needs to start down here. Is this a B wave down? Could be but then again this market should be weak enough to come down. The big question is are the big banks done making a top? The UST also needs to start down. We shall see. Thanks Peter

Bitcoin is going up, even with NDX going down...i am long and wouldnt recommend shorting BTC

fast3777
fast3777

Can this market rally? Tons of leverage and everyone is trapped. lot's of selling here. AAPL so far looks to be telling the bearish story.

fast3777
fast3777

daniel039209 said:

fast3777 said:

Hello Peter, I second your motion on Bill Gates. Now my market thoughts: Is silver the canary in the coal mine? BTC needs to start down here. Is this a B wave down? Could be but then again this market should be weak enough to come down. The big question is are the big banks done making a top? The UST also needs to start down. We shall see. Thanks Peter

Bitcoin is going up, even with NDX going down...i am long and wouldnt recommend shorting BTC

We shall see if this market crashes and it could well because of the Banks and Japan....Everything will come down.

daniel039209
daniel039209

fast3777 said:

daniel039209 said:

fast3777 said:

Hello Peter, I second your motion on Bill Gates. Now my market thoughts: Is silver the canary in the coal mine? BTC needs to start down here. Is this a B wave down? Could be but then again this market should be weak enough to come down. The big question is are the big banks done making a top? The UST also needs to start down. We shall see. Thanks Peter

Bitcoin is going up, even with NDX going down...i am long and wouldnt recommend shorting BTC

We shall see if this market crashes and it could well because of the Banks and Japan....Everything will come down.

its a consolidation, not a crash. Aug/Sept choppy

fast3777
fast3777

Hang on things will be wild all week. Bearish,bulls trapped again.

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