Peter Eliades’ name has been associated with stock market cycles since at least 1974 when his cycles predicted the exact low week of December 9-13, 1974. In 2020, after decades of painstaking progress, Peter released the first fully implemented cycle price projection software, Eliades Cycle Price Projections. Through this website you will access the opportunity to be exposed to this software and his accompanying market commentary.
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I'll take a stab at it. Hopefully I don't get screamed at by the peanut gallery in here.
First off that projection is not confirmed. For it to be confirmed we need a close above 4978 by mid-February. Their is a 10% margin on the 100/110 that makes it look confirmed but it says preliminary.
I have attached a chart to help explain. When I look at this chart and the price action pretty much following the continuum like it has the last 1.5 years. It tells me the market has not decided what the longer term trend is going to be. One way I look at price action when it follows the continuum it means that it is not ready to decide which way it is going. I do believe it looks like it was ready to start going down in October before Yellen's liquidity bomb. But all that liquidity made the market indecisive again and got back inside the continuum. We are at a decision point again. If we can get above the continuum here by 5-10% I would say the bear case is completely dead. But the main problem with that is the only way we keep going up here is by smaller loop projections on the smaller projections.
What I think happens here is we keep following the continuum down and remain indecisive for now. If that happens. We then can have the smaller projections reset and give us a better shot of a breakout to the upside after they reset and can give higher projections again.
Here is a webchart with no nick filter and if you notice the continuum starts falling from here. https://imgur.com/a/DinafZ7
This the chart I like better it is with a nick filter of 2 put in and cleans it up. It is saying we still have a lower projection down with a mid point at 3830 and the lower goes all the way to 3293. The upper is 5528 to 5868. So if Yellen drops another liquidity bomb for her boy Biden on 1/31 this week maybe we get that extreme move that will confirm the bull. https://imgur.com/a/LFAB3XK
What I said is pretty much what Peter says that a decision has to be made here by mid February. I know I sound cynical with Yellen but there is so many things I have seen that the market has completely diverge from that historically follow the price action. The games being played have held it up for now. I don't think it can last but we will see.
Look at this divergence brought up by Tom McClellan this week. This is what I'm talking about things are off I don't think they stay off. https://twitter.com/McClellanOsc/status/1750626897619488839
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@brian1469 GUESS WHAT?
YOUR CONTINUUM theory IS OUT THE FRIGGIN WINDOW
but I don't see you saying DIDDLY squat about it
WHY dont U take a STAB AT THE /NQ 100/110
19069/21000
BEAR
SOUP
also /nq 1-3 DAY DOWNSIDE CONFIRMED 17423 TO 17391 WHICH ALSO WAS NOT DISCUSSED
BUT ILL TELL PEOPLE
SIXNICKFILTERSISALLINEED
As I WAS sitting in my NICE CHAIR pondering what the week will bring I said to myself
MYSELF
lets look at IWM / $RTY / $emd
WOW
SHEEP
TAKE A LOOK what do you think ?
I mean we still have LOWER VXX projections, and we still have HIGHER /NQ projections and we still HAVE HIGHER SVIX projections sooooooooo
I MEAN I HEARD PICKING TOPS IS A FOOLS GAME is that true?
@brian1469
9NICKFILTERS
Look at APPL projections EARNINGS on 2/1 it will BE OVER 200 by earnings
12/12.1 weekly
this means /NQ will have STRENGTH
SOOOOOOOOOO picking TOPS will not be in fashion
NO MATTER HOW MANY NICK FILTERS YOU APPLY
APPLE GOES = THE MARKET GOES
LETS GET THAT /NQ 110
No nick filters needed !
/RTY oh yeah playing catch-up
Market historian.
BEAR
SOUP
I think we're over 4776. I'm not sure though let me double check. Yeah we are
Took a stab short at ES 4955. It's the midpoint so direct hit of the daily 48.
/ES 10 10 WEEKLY 4991
CAN YOU SAY 5 BIG ONES
I CAN
5000
NO
NICK
FILTERS
MARKET HISTORY SAYS WHAT? ABOUT @RTY?
ok thanks see ya tomorrow.
/RTY UPSIDES I SEE
2052 3-5 2087 12.1
WOW
OH THE FED IS SPEAKING WEDNESDAY = but DONT WORRY THE MARKET DOESNT MOVE ON NEWS
like today's bond news. NOPE it doesn't
LMAO
01 29 2024 ANOTHER ATH
AND....... let me guess - ITS TIME TO again .. PICK A TOP
@@@ SHEEP DRINKING GAME @@@
EVERY time Peter says " SUBSTANTIAL DECLINE " TAKE A DRINK EVERY time Peter says " I DONT THINK THAT WILL HAPPEN " buy ODTE CALLS
LOLOLLOLOLOOOLO
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