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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Nitpicky correction @ 42m 11sec of this video Peter missed the one other under 20% bearish reading in the spreadsheet that he was reviewing. Line 1773 in spreadsheet, date 6-3-21, % bearish = 19.76 percent. The point is the same, that there are too few bears right now, which may be an earmark of a short-term top.
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If you go to the Web App, and adjust the date sliders at the bottom of the screen to focus on the Feb '20 to Apr '20 "COVID Crash", you'll see that both the weekly @ES and @YM gave reliable downside cycle projections accurately forecasting the reversal of the crash back to the upside. However, the same weekly @NQ continued to give further downside projections that ultimately proved to be unreliable. This same weakness in the cycle projections can also be seen in the Web App for the QQQ, as compared to the SPY. Bottom Line: You have to beware of what appears to be a systematic weakness of the cycle projection technique, as it relates to the NASDAQ only. To use engineering parlance, "the gain is too high" with NASDAQ on large downmoves, resulting in a false downside continuation signal, when both the S&P500 or DJIA are indicating the bottom is in.
In this video, Peter tells us (15m 05sec) one primary reason why he has remained bearish over the last year, is the nominal 4-year cycle projections on NASDAQ. I don't personally use the cycle projection software on TradeStation -- as Peter does in the video -- so I'm unable to verify whether the analysis that he's described here on the NASDAQ Composite also gave false downside continuation signals back in the Feb '20 to Apr '20 timeframe. I would suspect that this is true, without actually being able to validate, myself. If there is someone that CAN validate whether or not this is true / false, using the cycle projection software on TradeStation, this might be helpful to all of us.
As others here have stated "situational awareness" is a valuable skill in trading. Being "situationally aware" of the strengths and weaknesses of the analytical tools that you're using to make trading decisions, is a good example of this. In this case, we all have to decide for ourselves what information we use, and what information we discard, based on one's own "situational awareness".
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kwm: Interesting cycle you've picked up on, here. If Friday's high was 5218 days from the March 2003 low, then is it also true that the recent Oct 27/23 low was 5194 days from the March 2003 low?
@@@@ HAHAHAHAHAAA
PETER PETER PUMPKIN I mean Baklava eater never looks at what he should look at
a) WEEKLY B) CHECK OUT MONTHLY
WHO CARES ABOUT THE 2020 COVID CRAP FASTEST THIS AND THAT THAT WAS AN ANOMALY AND EVERYONE KNOWS IT
40 MIN VIDEO AND HE SAYS THE PROJECTIONS ARE MAGICAL AND GREAT BUT THEN HE SAYS 48.4 WONT HIT WHY ? CAUSE HE IS A PERMA BEAR !!!!!!!!!!!!!!!
APPLE OVER 200 SOON
COMING TO A THEATER NEAR YOU ...
219/220 TARGET
REMEMBER THAT DUDE FAST ? HE THOUGHT THE DOW WOULD BE 25000 LOL ITS 36000
UNH HE THOUGHT 400 ITS GONNA BE 600
OMG THESE MENTAL MIDGETS
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