SMC Update Week Ending 3-26-21

03/26/2021


Comments (5)
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Jeff
Jeff

Glad I found your update! Just out of sequence. Look like you are feeling better each update! I guess you are saying statistically the risk/reward to going long at this point is probably not worth it. Thanks

chris_chapman255
chris_chapman255

Hi Peter, the long term projections clearly have a very high success rate. What I wanted the ask is, have the long term historical projections ever been met and then proceeded to keep moving up for a number of months afterwards ?

Peter Eliades
Peter Eliades

chris_chapman255 said:

Hi Peter, the long term projections clearly have a very high success rate. What I wanted the ask is, have the long term historical projections ever been met and then proceeded to keep moving up for a number of months afterwards ?

Yes, Chris, in my experience long cycle projections can be exceeded, but it would be unusual and probably happen mostly when averages and indexes are not historically overvalued as they are now. It is the combination of historic overvaluation and the approach and /or meeting of longer projections which appear to distinguish the current market picture...

chris_chapman255
chris_chapman255

Thank You Peter

XXSPOWER127
XXSPOWER127

Thanks Mr. E. Love the IWM update. It’s had heck of a run. $COMPQ seems like it is teetering on a ledge!

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