SMC Update Week Ending 7-16-21 Recorded 7-17-21

07/17/2021


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chuckgoettsche749
chuckgoettsche749

A constructive event from last week- On the daily $INDU chart (medianPrice), the outstanding upside projection was invalidated on the 3 1/2--4 chart.

Kit097
Kit097

Hey Peter, do the red and blue signal lines change over time? Are they dynamic as new information/prices are introduced to the chart?

dr191103
dr191103

Peter thanks for sharing that you took a short position. Even though that was not investment advice it made me feel confident enough to go short as well. I’ve made enough money in the last two days to pay for your software for years. Thank you 🙏

Peter Eliades
Peter Eliades

Kit097 said:

Hey Peter, do the red and blue signal lines change over time? Are they dynamic as new information/prices are introduced to the chart?

No, Kit, those are lines that go back to the original work JM Hurst did on cycle price projections. I used his work and refined it to suit my use and purposes...but the lines have remained constant over several decades!!

Peter Eliades
Peter Eliades

dr191103 said:

Peter thanks for sharing that you took a short position. Even though that was not investment advice it made me feel confident enough to go short as well. I’ve made enough money in the last two days to pay for your software for years. Thank you 🙏

That's music to my ears, dr... thanks for sharing that info!

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