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
daniel039209
Peter, you put so much emphasis on RSI; but you show how it topped in 2018. How in the world do you think that has been or is a signal that lower highs is negative? It’s weak indicator. The actual facts DO NOT support that. Also,where do your projections come in ? What levels near term are key to watch for ? That is 10x more helpful than saying “ dramatic decline this week” ; in reality , since mid May the SPX —another top call-
advanced over 1100 points (19-20% )? We fell 2.4 % this week. Can you see how that is not exactly such a gigantic decline.
One last thing; it’s honest that you said “ this is not the first time “ calling for dramatic 70-80 % decline. You know and anyone following you knows that since Oct 2022 and doubling down in Oct 2023 you said same. Market needs to fall 50% for you to be close to even. Think of the money lost if you actually put your $$$ on the bearish line. Out of business is what it would be. Now , 10% trailing stop okay, reasonable. But your stops don’t move down as market does they stay firm. Only move up as mkt does. You were unclear on how a stop works
play_arrow
Comments (1)
You cannot post comments.
Sign up for the Video or Bundle membership now and get access to exclusive content!
Login for Members
Peter, you put so much emphasis on RSI; but you show how it topped in 2018. How in the world do you think that has been or is a signal that lower highs is negative? It’s weak indicator. The actual facts DO NOT support that. Also,where do your projections come in ? What levels near term are key to watch for ? That is 10x more helpful than saying “ dramatic decline this week” ; in reality , since mid May the SPX —another top call- advanced over 1100 points (19-20% )? We fell 2.4 % this week. Can you see how that is not exactly such a gigantic decline. One last thing; it’s honest that you said “ this is not the first time “ calling for dramatic 70-80 % decline. You know and anyone following you knows that since Oct 2022 and doubling down in Oct 2023 you said same. Market needs to fall 50% for you to be close to even. Think of the money lost if you actually put your $$$ on the bearish line. Out of business is what it would be. Now , 10% trailing stop okay, reasonable. But your stops don’t move down as market does they stay firm. Only move up as mkt does. You were unclear on how a stop works
1-1 of 1