Thanks Peter! And I'm late for posting this, but thanks for all the kind heart-felt words around your Christmas and New Year's updates. Really appreciate your enthusiasm for all aspects of forecasting along with your great projection, technical and timing knowledge that you have shared. This is mathematically impossible to sustain on a long term basis or I'd quickly beat Bezos (ha!), but I multiplied my entire trading account balance by just over 6.7 in about a 9 month period during 2022 due in large part to your excellent nightly updates. Your work is much appreciated and an excellent value, regardless of a few disgruntled subscribers who only seem to enjoy posting comments when there are negatives to post. Keep up the great work and contagious enthusiasm!

Last updated 2 years ago

Congrats arcon on the returns. Maybe you can share your money management with us for that kind of return. Now to the master, Peter. My husband has been following your work for 35 yrs. He calls you a legend. So PLEASE, never again should you apologies for long updates. People are getting more for their money. NO ONE does not know how to fast forward. Enough said :)

TC said:

Congrats arcon on the returns. Maybe you can share your money management with us for that kind of return. Now to the master, Peter. My husband has been following your work for 35 yrs. He calls you a legend. So PLEASE, never again should you apologies for long updates. People are getting more for their money. NO ONE does not know how to fast forward. Enough said :)

+1

Thank you, Peter. I appreciate the perspective from different instruments provided in the update. As you pointed out, we have some contradictory indications between different offsets for DXY, TLT, and GLD. But, for NDX, I am convinced of a downward reversal this week to start sometime during the first half of the week. Let's see if the market cooperates. Thanks again.

Peter, GLD appears to have higher projection around 190? There was a green box that changed to thin line when you changed between Log & Linear? Please clarify is it a preliminary projection? (NEM) Newmont looks much higher to me before it come into resistance especially IF $US continues lower. I ♥️ the long updates! Thanks 🙏 ~Dorothy

dcarter8883312 said:

Peter, GLD appears to have higher projection around 190? There was a green box that changed to thin line when you changed between Log & Linear? Please clarify is it a preliminary projection? (NEM) Newmont looks much higher to me before it come into resistance especially IF $US continues lower. I ♥️ the long updates! Thanks 🙏 ~Dorothy

Thank you Dorothy for pointing that out. I would be great if you could comment on it in your next Video Peter. Cheers.

bernno3704 said:

dcarter8883312 said:

Peter, GLD appears to have higher projection around 190? There was a green box that changed to thin line when you changed between Log & Linear? Please clarify is it a preliminary projection? (NEM) Newmont looks much higher to me before it come into resistance especially IF $US continues lower. I ♥️ the long updates! Thanks 🙏 ~Dorothy

Thank you Dorothy for pointing that out. I would be great if you could comment on it in your next Video Peter. Cheers.

I just looked, and for the 100/110 offsets for GLD's weekly chart, high/low chart, 0% margin, there is a preliminary projection for GLD up to $191.20. Looking at the webchart view, over the next 5 weeks or so the upper part of the webchart is a straight line at $177.34. GLD closed at $173.71, so gold still needs to rise $37 or so (more accurately, the middle of the weekly bar needs to be above $177.34) to confirm that higher projection at $191.20, but it's clearly headed in that direction with some momentum so far. To me, the weight of the evidence considering the bullish looking TLT and GLD charts, and the bearish looking USD charts, my lean is that we just kicked off a wave C up in the bear market rally that started in October and the stock market is likely headed up for a month or so, and if things get crazy enough the Dow could even challenge it's record high, but other index's won't. Note that the FTSE hit an all-time record high on Friday. It's frustrating for bears, but just a normal bear market rally that's not done yet...maybe...who knows. Very short term a pullback is needed this week, then we'll see. Just my opinions. I also try to use T-Theory, a method developed by Peter's late friend Terry Laundry, and there is now a new/confirmed NYSE McClellan Oscillator (NYMO) "T" that ends on 2/9/23, so my hunch is the rally will carry to around that date.

Last updated 2 years ago

srblack1960144 said:

bernno3704 said:

dcarter8883312 said:

Peter, GLD appears to have higher projection around 190? There was a green box that changed to thin line when you changed between Log & Linear? Please clarify is it a preliminary projection? (NEM) Newmont looks much higher to me before it come into resistance especially IF $US continues lower. I ♥️ the long updates! Thanks 🙏 ~Dorothy

Thank you Dorothy for pointing that out. I would be great if you could comment on it in your next Video Peter. Cheers.

I just looked, and for the 100/110 offsets for GLD's weekly chart, high/low chart, 0% margin, there is a preliminary projection for GLD up to $191.20. Looking at the webchart view, over the next 5 weeks or so the upper part of the webchart is a straight line at $177.34. GLD closed at $173.71, so gold still needs to rise $37 or so (more accurately, the middle of the weekly bar needs to be above $177.34) to confirm that higher projection at $191.20, but it's clearly headed in that direction with some momentum so far. To me, the weight of the evidence considering the bullish looking TLT and GLD charts, and the bearish looking USD charts, my lean is that we just kicked off a wave C up in the bear market rally that started in October and the stock market is likely headed up for a month or so, and if things get crazy enough the Dow could even challenge it's record high, but other index's won't. Note that the FTSE hit an all-time record high on Friday. It's frustrating for bears, but just a normal bear market rally that's not done yet...maybe...who knows. Very short term a pullback is needed this week, then we'll see. Just my opinions. I also try to use T-Theory, a method developed by Peter's late friend Terry Laundry, and there is now a new/confirmed NYSE McClellan Oscillator (NYMO) "T" that ends on 2/9/23, so my hunch is the rally will carry to around that date.

Thank you Srblack for your detailed summary. It would make sense, punish all the bears at the moment. It is the most well known bear market in history, at least we would clear some of the sentiment, if we have a couple of weeks of a ralley.

srblack1960144 said:

bernno3704 said:

dcarter8883312 said:

Peter, GLD appears to have higher projection around 190? There was a green box that changed to thin line when you changed between Log & Linear? Please clarify is it a preliminary projection? (NEM) Newmont looks much higher to me before it come into resistance especially IF $US continues lower. I ♥️ the long updates! Thanks 🙏 ~Dorothy

Thank you Dorothy for pointing that out. I would be great if you could comment on it in your next Video Peter. Cheers.

I just looked, and for the 100/110 offsets for GLD's weekly chart, high/low chart, 0% margin, there is a preliminary projection for GLD up to $191.20. Looking at the webchart view, over the next 5 weeks or so the upper part of the webchart is a straight line at $177.34. GLD closed at $173.71, so gold still needs to rise $37 or so (more accurately, the middle of the weekly bar needs to be above $177.34) to confirm that higher projection at $191.20, but it's clearly headed in that direction with some momentum so far. To me, the weight of the evidence considering the bullish looking TLT and GLD charts, and the bearish looking USD charts, my lean is that we just kicked off a wave C up in the bear market rally that started in October and the stock market is likely headed up for a month or so, and if things get crazy enough the Dow could even challenge it's record high, but other index's won't. Note that the FTSE hit an all-time record high on Friday. It's frustrating for bears, but just a normal bear market rally that's not done yet...maybe...who knows. Very short term a pullback is needed this week, then we'll see. Just my opinions. I also try to use T-Theory, a method developed by Peter's late friend Terry Laundry, and there is now a new/confirmed NYSE McClellan Oscillator (NYMO) "T" that ends on 2/9/23, so my hunch is the rally will carry to around that date.

Sr. Black, Thank you for pinpointing GLD projection. ~Dorothy

ESH Spectacular Reversal turned back near 50% Retracement. I don’t have software Yet. Peter, please spend time tonight which projections were met at time of peak in indicies & if new upside projections were given etc. Thanks. ~Dorothy

srblack1960144 said:

bernno3704 said:

dcarter8883312 said:

Peter, GLD appears to have higher projection around 190? There was a green box that changed to thin line when you changed between Log & Linear? Please clarify is it a preliminary projection? (NEM) Newmont looks much higher to me before it come into resistance especially IF $US continues lower. I ♥️ the long updates! Thanks 🙏 ~Dorothy

Thank you Dorothy for pointing that out. I would be great if you could comment on it in your next Video Peter. Cheers.

I just looked, and for the 100/110 offsets for GLD's weekly chart, high/low chart, 0% margin, there is a preliminary projection for GLD up to $191.20. Looking at the webchart view, over the next 5 weeks or so the upper part of the webchart is a straight line at $177.34. GLD closed at $173.71, so gold still needs to rise $37 or so (more accurately, the middle of the weekly bar needs to be above $177.34) to confirm that higher projection at $191.20, but it's clearly headed in that direction with some momentum so far. To me, the weight of the evidence considering the bullish looking TLT and GLD charts, and the bearish looking USD charts, my lean is that we just kicked off a wave C up in the bear market rally that started in October and the stock market is likely headed up for a month or so, and if things get crazy enough the Dow could even challenge it's record high, but other index's won't. Note that the FTSE hit an all-time record high on Friday. It's frustrating for bears, but just a normal bear market rally that's not done yet...maybe...who knows. Very short term a pullback is needed this week, then we'll see. Just my opinions. I also try to use T-Theory, a method developed by Peter's late friend Terry Laundry, and there is now a new/confirmed NYSE McClellan Oscillator (NYMO) "T" that ends on 2/9/23, so my hunch is the rally will carry to around that date.

After today we have a massive shooting star in the Nasdaq as well in the sp500. If we end the day down tomorrow , then I’m quite sure we’ll see a row of bearish days. And as mayor resistances are taking out it could be a big move down. So I would be careful with betting on a rally right now. If we get a good move up tomorrow then maybe ...

For those of you who follow FedSpeak— Powell is in Sweden 🇸🇪 & will speak tomorrow morning 9:00AM ET. After all the FedSpeak that derailed today’s rally traders will be watching Bloomberg tomorrow. ~Dorothy