SMC Update 9-2-21

09/02/2021


Comments (3)
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spytrader24
spytrader24

Hey Peter, do the projections work well for things like corn and wheat and soybean futures? if so would i use the 27 or the 45 cause of the strange hours they trade or would i use 45 at night and 27 during the day. thanks...

spencerdavis2000
spencerdavis2000

thanks Peter have a great weekend

daniel039209
daniel039209

I have been long time follower, from days when you published the newsletter and did telephone updates. I appreciate the years of hard work and creating a disciplined system to track the markets. I finally realize how you use the system and how it shapes your view on the markets. In/around Feb 16th as you were coming back from beating covid you had been looking for turning point and broadcasting that possible top was in. The NDX and SPX are up 2000 pts and 650 pts. Yes,the RUT has not gone up that much, but the forecasts you make seem to be more focus on the NDX/SPX maybe the DJIA. you posited' we are looking at one of the important tops of lifetime" We did have a decline, by no means was it a top for any index, stocks have soared. And we have been on "top watch" as you have even stepped into a bearish position against the market around July13. It seems as we go past projections, make new highs more days than not, there is no change in forecast. You are trying to catch, your cycles are trying to "catch" the top. One day we will start a decline, I hope i have my positions on right side when that actually starts to occur.

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