SMC Update Week Ending 1-3-25 Recorded 1-4-25

01/04/2025


Comments (5)
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jjay636
jjay636

Thanks for the update on APPL and NVDA - one other good one to go through projections is your favorite SOX or SMH - it's starting to perk up again after a decent consolidation period making a bearish case very uncomfortable, would be good to see if there are any meaningful upside projections

vjoerger69585
vjoerger69585

A look at the Dow/SOX ratio would be nice, also.

A question about the Web Chart. Why not just use the continuum in place of the offsets and dispense with the web chart. It seems the continuum shown on the web chart is the more accurate and would save the trouble of needing to pull up the web chart

daniel039209
daniel039209

Hate to be the "downer" but Peter, you always leave out the recommendation to short SPX right around the 5800. That ended up being a stop out with a major hit at 5920? Lets try to be intellectually honest this year. You have been actually against the market for, now going on 25 months. Almost 100% gain in NDX and over 59% SPX. No doubt, historic up moves in bull markets. We were as high as 5980 on Friday, down 1.6% from this recent short call. Lets be honest, missing 59% gains is staggering. Being up 1.6% is hardly a victory lap. How you think you will ever make 59% on the short side is something I would love to know. P.S. You should save your "cascading, snowballing, waterfalling "comments for when we BREAK the 200 dma. You did again Thursday, and we had a 1.77% NDX rally immediately. Just save it for a real decline

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daniel039209
daniel039209

please do a s[pecial update as the market gaps another 1% on top of 1,77% friday. with all the perfect signals as you report on your video, should be nailing it again this morning

jshemanski49196
jshemanski49196

You seem to be constantly looking for "what ifs" to validate your bearish bias, rather than looking objectively at the projections. For example, why don't you give parameters for upside projections on the IWM, as well? You only provided one for a possible downside on the 48.4/55.3 on this update, but not one for the upside which is actually much closer to where the index is trading?!? Your persistent bias has been a constant source of frustration for me & many other subscribers, I'm sure.

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