SMC Update Week Ending 7-30-21 Recorded 7-31-21

Sat, 07/31/2021 Saturday, 07/31/2021 11:46 AM PDT


Comments (3)
We welcome all comments related to market timing. We do not welcome political and insulting comments, however, and comments of a political nature belong elsewhere and could lead to removal and blocking the originator of such political comments.

You cannot post comments.
Sign up for the Video or Bundle membership now and get access to exclusive content!
Login for Members

arcon00224
arcon00224

Hi Peter, thanks as always for all the timely and great updates. I sent a message a day or two ago through your website's 'Contact' tab. Not sure if you got it. Also not sure if anybody else has notified you, or if you are already aware (forgive me if so) -- but the price data has stopped updating since July 28th on your Price Projections Web App that is accessed on your website. I haven't checked all the ticker symbols, but for Gold, Oil and S&P futures, there is unfortunately no updates since July 28th. Please fix it when you can, as I was really appreciating that function! Thank You!

rkautry584
rkautry584

What does an inherently bearish person do during a bull market? Call the top most of the way up. at the top they call for one more rally.

Peter Eliades
Peter Eliades

rkautry584 said:

What does an inherently bearish person do during a bull market? Call the top most of the way up. at the top they call for one more rally.

I have no idea how long you have been following my commentary, rk, but your comment is way off base. Back in July 2020, we gave very significantly higher upside projections that many faced with disbelief. The upper side of those projections on SPX called for 4340.56. Currently the all-time high on the S&P is 1.9% higher than that and that has indeed been accounted for by later "loop" projections. But can you see how foolish your comment sounds that I have called the top most of the way up? 1.9%!!! I must assume you have guidance from others that you consider better than that fabulous projection given over a year ago... Please be more conscientious about future comments. Your current ones do not reflect kindly on you!

1-3 of 3