Awesome, thank you Peter

Thank you, Peter. I too believe we are in a topping process but wanted to run something by you I recently came across. It's a quote attributed to JM Hurst and it implies that peak in a highly momentum driven market come later than normally expected. This would explain all of these loops on both shorter and intermediate term.
Can you please confirm if that's part of Hurst's theory and how should we play such a peaking process? For example, should we buy on the next dip and just set some trailing stops (and keep moving them up as the market moves up)? As you know we are getting higher and higher projections. At the higher end of the projections, we have some 3+% to go on NDX and as you know the top end is getting taken out easily in this market.
I started buying some QQQs last week after you shared much higher projections last week. Thanks in Advance!

For all the new comers to the service, please realize that instead of being in a melt-up, the market is conforming to cycle theory (and the software projections), market needs to go lower to re-trigger the move up because the market either stalls or comes down after the projections are met. It is clearly not shooting up in a straight line.
This means that we will get more dips, one in November; but, it may not be much lower so may not be worth the wait and may not be worth the chance to miss out on the current confirmed projections before we get a short term loop up. (Just sharing my positions for full transparency: I am keeping trailing stops based on my risk appetite which is how I am playing this high risk environment).
Just know that we are in a high valuation environment and expectations of goldilocks continuing haven't ended well; we just don't know when. I would love it if someone has a different approach in this peaking market.

Last updated 2 years ago

Self explanatory DJIA log charts :- (1) https://ibb.co/CtnfdJS (2) https://ibb.co/TWbGjPV (3) https://ibb.co/MVMVbxr The important thing to note is how often price reacts to the mid-channel line of the biggest channel which spans over 100 years. The next important thing to note is how in image (3) price is currently above the afore-mentioned mid-channel line but has for the past 4-5 months been hitting a similar channel iine which is one quarter of the way between the mid-channel line and the top TL of the 100 year big channel. Spooky!!! Well, it is Halloween! Lol. Anyway, can you see what I am saying?? Parallel channels on the log chart for a lot of the US indices, and even Tesla (!) work a treat! This combined with Peter's cycles based on JM Hurst and we could be onto a winner!