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XXSPOWER127
YAWN.. still got the bear suit on? I remember when the /ES was 3575 And your were all GLEEFULL wow look it might still go down and the /NQ can go to 3500 and crazy projections.. now.. we had a day where the FED MADE THE MARKET MOVE AGAIN. NOT THE CYCLES. The fed. Last time CPI .. this time.. JPOW. You missed 600 ES POINTS. Look at the /YM HOW MUCH YOU MISSED!! My god.. never gave heed to the projections.. just 57 days and speed lines and this and that.. unreal
mansson_magnus2823
I doubt it's a top as usual. That 3500 downside projection should be invalidated now. Times for bulls to run. Who knows how high we can go now. Maybe bear market might resume next year if at all.
jakelu383536
mansson_magnus2823 said:
I doubt it's a top as usual. That 3500 downside projection should be invalidated now. Times for bulls to run. Who knows how high we can go now. Maybe bear market might resume next year if at all.
mansson_magnus2823 said:
I doubt it's a top as usual. That 3500 downside projection should be invalidated now. Times for bulls to run. Who knows how high we can go now. Maybe bear market might resume next year if at all.
4111 area next up. he down willl come after. the upside projemctions have been accurate
mansson_magnus2823
jakelu383536 said:
mansson_magnus2823 said:
I doubt it's a top as usual. That 3500 downside projection should be invalidated now. Times for bulls to run. Who knows how high we can go now. Maybe bear market might resume next year if at all.
mansson_magnus2823 said:
I doubt it's a top as usual. That 3500 downside projection should be invalidated now. Times for bulls to run. Who knows how high we can go now. Maybe bear market might resume next year if at all.
4111 area next up. he down willl come after. the upside projemctions have been accurate
Yup then 4200 and then 4300. That's probably not even conservative for end of year.
daniel039209
from 3 days ago : reiterating that the VIX buy signal is such a poor indicator. and also that SMC can stay bearish far longer than your liquidity can last. 11.26 comment; { Just a few observations; 1) average length of Bear market ( since 1928)=330 days. 2) the VIX has proven itself almost worthless, exception of it ever goes way above BB or trades at 80 and reverses down , always a BUY signal for stocks. From a low point, just look a last number of years. Not one good signal really. 3) SMC bearish stance , while helpful for part of this year , hasn’t wavered since this huge rally off the lows in Oct. every DJIA stock is up (+8-40%) in he old days, that was a great year. To be on sidelines or short as forecast for ever lower prices SINCE Oct lows was projecting, at a minimum, you’ve lost out at maximum , lost a lot. Similar to turn to Bearishness in Mar 2021. Only to see SPX AND NDX go hundred/thousands of points higher. I would hate to see that repeat.}
ryguy
Santa Clause is __.
mansson_magnus2823
brian1469 said:
Couple other things we are at YTD VWAP and closed the gap on 4080 on the SPX. This was pretty much the spot I was looking to go short.
Have been on a cruise last week and had the flu this week so really have just been waiting to see what happens and not watching much. Will still evaluate before doing it
Guys go long you don't have to do what Peter always says. He is just giving his point of view. If you can't make your own decisions in trading you probably won't last long anyway.
Looking further at things there is another yearly VWAP at 4135 and that would satisfy the 24/27 on the ES. I might wait to see if we get there in the morning
I guess thats why you are here. Go short if you dare and check your account end of the year.
ryguy
We've drifted away from going over the statistics along with projections. Can you please incorporate it back into your analysis?
mansson_magnus2823
XXSPOWER127 said:
YAWN.. still got the bear suit on? I remember when the /ES was 3575 And your were all GLEEFULL wow look it might still go down and the /NQ can go to 3500 and crazy projections.. now.. we had a day where the FED MADE THE MARKET MOVE AGAIN. NOT THE CYCLES. The fed. Last time CPI .. this time.. JPOW. You missed 600 ES POINTS. Look at the /YM HOW MUCH YOU MISSED!! My god.. never gave heed to the projections.. just 57 days and speed lines and this and that.. unreal
Most of my profitable trades have been on the long side since 14th October despite the big projection to the downside. Not sure why I subscribed to SMC. It's useful as a trade idea but paying it to much attention is just plain dangerous. This emphasis on bearishness has probably led to many people missing this rally which has now run for some time and, likely now with this breakout, has alot more steam left in it.
Last updated
jshemanski49196
mansson_magnus2823 said:
XXSPOWER127 said:
YAWN.. still got the bear suit on? I remember when the /ES was 3575 And your were all GLEEFULL wow look it might still go down and the /NQ can go to 3500 and crazy projections.. now.. we had a day where the FED MADE THE MARKET MOVE AGAIN. NOT THE CYCLES. The fed. Last time CPI .. this time.. JPOW. You missed 600 ES POINTS. Look at the /YM HOW MUCH YOU MISSED!! My god.. never gave heed to the projections.. just 57 days and speed lines and this and that.. unreal
Most of my profitable trades have been on the long side since 14th October despite the big projection to the downside. Not sure why I subscribed to SMC. It's useful as a trade idea but paying it to much attention is just plain dangerous. This emphasis on bearishness has probably led to many people missing this rally which has now run for some time and, likely now with this breakout, has alot more steam left in it.
Let's be accurate, he has "only" missed 500 SPX points here. As one subscriber said recently, probably best to just look at the software's projections & web charts (what's the difference between them, anyone??) and just pay lip service to the rest of it.
JCtrader
Hi Brian, I see the same thing with Vwap. However, I use Midas Channel and we are close to entering it. I can’t seem to find the Gap you are talking about? The gap down on 8/26 was filled on 9/12. Any help would be appreciated as I’m just now figuring that out.
brian1469 said:
Couple other things we are at YTD VWAP and closed the gap on 4080 on the SPX. This was pretty much the spot I was looking to go short.
Have been on a cruise last week and had the flu this week so really have just been waiting to see what happens and not watching much. Will still evaluate before doing it
Guys go long you don't have to do what Peter always says. He is just giving his point of view. If you can't make your own decisions in trading you probably won't last long anyway.
Looking further at things there is another yearly VWAP at 4135 and that would satisfy the 24/27 on the ES. I might wait to see if we get there in the morning
ukumru2932
We are very close to a resolution, santa rally or santa bust. I think it will be a bust. I am more of an Elliott Wave guy but I keep an eye on projections as well. Bear markets are difficult so it is difficult to act on these projections in the short to medium term. Wave 5s typically come on news. I think what we saw today is wave 5 of 2 (up) of C (down). I expect a bit more up (4130-4150 area) based on fib targets, but it is not required, we satisfied the minimum. Then wave 3 of c down, it'd be strong, third of third. 4325 is invalidation. If we see above that, then I will reevaluate my bearish bias. Move up has been corrective so probabilities favor downside and obviously there are no certainties in life. :) enjoy the ride and get the cash ready!
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YAWN.. still got the bear suit on? I remember when the /ES was 3575 And your were all GLEEFULL wow look it might still go down and the /NQ can go to 3500 and crazy projections.. now.. we had a day where the FED MADE THE MARKET MOVE AGAIN. NOT THE CYCLES. The fed. Last time CPI .. this time.. JPOW. You missed 600 ES POINTS. Look at the /YM HOW MUCH YOU MISSED!! My god.. never gave heed to the projections.. just 57 days and speed lines and this and that.. unreal
I doubt it's a top as usual. That 3500 downside projection should be invalidated now. Times for bulls to run. Who knows how high we can go now. Maybe bear market might resume next year if at all.
4111 area next up. he down willl come after. the upside projemctions have been accurate
Yup then 4200 and then 4300. That's probably not even conservative for end of year.
from 3 days ago : reiterating that the VIX buy signal is such a poor indicator. and also that SMC can stay bearish far longer than your liquidity can last. 11.26 comment; { Just a few observations; 1) average length of Bear market ( since 1928)=330 days. 2) the VIX has proven itself almost worthless, exception of it ever goes way above BB or trades at 80 and reverses down , always a BUY signal for stocks. From a low point, just look a last number of years. Not one good signal really. 3) SMC bearish stance , while helpful for part of this year , hasn’t wavered since this huge rally off the lows in Oct. every DJIA stock is up (+8-40%) in he old days, that was a great year. To be on sidelines or short as forecast for ever lower prices SINCE Oct lows was projecting, at a minimum, you’ve lost out at maximum , lost a lot. Similar to turn to Bearishness in Mar 2021. Only to see SPX AND NDX go hundred/thousands of points higher. I would hate to see that repeat.}
Santa Clause is __.
I guess thats why you are here. Go short if you dare and check your account end of the year.
We've drifted away from going over the statistics along with projections. Can you please incorporate it back into your analysis?
Most of my profitable trades have been on the long side since 14th October despite the big projection to the downside. Not sure why I subscribed to SMC. It's useful as a trade idea but paying it to much attention is just plain dangerous. This emphasis on bearishness has probably led to many people missing this rally which has now run for some time and, likely now with this breakout, has alot more steam left in it.
Last updated
Let's be accurate, he has "only" missed 500 SPX points here. As one subscriber said recently, probably best to just look at the software's projections & web charts (what's the difference between them, anyone??) and just pay lip service to the rest of it.
Hi Brian, I see the same thing with Vwap. However, I use Midas Channel and we are close to entering it. I can’t seem to find the Gap you are talking about? The gap down on 8/26 was filled on 9/12. Any help would be appreciated as I’m just now figuring that out.
We are very close to a resolution, santa rally or santa bust. I think it will be a bust. I am more of an Elliott Wave guy but I keep an eye on projections as well. Bear markets are difficult so it is difficult to act on these projections in the short to medium term. Wave 5s typically come on news. I think what we saw today is wave 5 of 2 (up) of C (down). I expect a bit more up (4130-4150 area) based on fib targets, but it is not required, we satisfied the minimum. Then wave 3 of c down, it'd be strong, third of third. 4325 is invalidation. If we see above that, then I will reevaluate my bearish bias. Move up has been corrective so probabilities favor downside and obviously there are no certainties in life. :) enjoy the ride and get the cash ready!
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