SMC Update Week Ending 9-24-21 Recorded 9-25-21

09/25/2021


Comments (8)
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arcon00224
arcon00224

Thanks Peter! This 30 minute video took you hours when taking into account all your beforehand charting & then video editing. Gave your videos thumbs upđź‘Ť And don't even worry about the thumbs down, they're just losers; every YouTube video has to contend with them

jules.ackerman.wh86365
jules.ackerman.wh86365

I ditto that.

jules.ackerman.wh86365
jules.ackerman.wh86365

THUMBS UP

Ken12341429
Ken12341429

Nice work Peter. Your old favorite, the NYA also has a nice bearish return-to-the-break look to it as well. Excellent analysis by you.đź‘Ť

Optimus
Optimus

Thank you for another amazing video and for your dedication to finding these signals. Hope you are feeling better from the pain you mentioned couple of days ago.

daniel039209
daniel039209

While I admire/ understand your work over the years, I would say “thumbs down” to saying that SMC “nails top” on Sep 3/4th. In early March after a 2 day decline you put out” MAJOR DANGER, EARNING IMMINENT TOP.”Around July 13 , you put out a short position report. The market continued to go another 4/5+ % only to come back down last week to close to you your July 13 level,only to explode higher. Huge rally since monday. Also, since WW II, there have been 734 BULL market months vs 166 BEAr market months. There has been no real “TOP” in market. Just small, to couple very destructive sell offs. But NO top Not sure why you’re hunting for elusive top most of this year. And now we have chance of another 100-125 SPX points up ?

Jeff
Jeff

daniel039209 said:

While I admire/ understand your work over the years, I would say “thumbs down” to saying that SMC “nails top” on Sep 3/4th. In early March after a 2 day decline you put out” MAJOR DANGER, EARNING IMMINENT TOP.”Around July 13 , you put out a short position report. The market continued to go another 4/5+ % only to come back down last week to close to you your July 13 level,only to explode higher. Huge rally since monday. Also, since WW II, there have been 734 BULL market months vs 166 BEAr market months. There has been no real “TOP” in market. Just small, to couple very destructive sell offs. But NO top Not sure why you’re hunting for elusive top most of this year. And now we have chance of another 100-125 SPX points up ?

Daniel, The market is so overvalued that Peter's system of projections is about the best tool you can use in conjunction with technical analysis to estimate when a decline may happen. We are in a secular bull market bubble. I understand your frustration, I have lost more money waiting for this top than I would like to say, but had I been with Peter many months earlier, I would have made a ton of money. The downside risk is huge and I am willing to be cautious than lose 10-50% in a short period.

I think trading right now is about the same odds as gambling. So just buy the dips and sell high. His projections right now call for higher levels, so you should be in. If we exceed the all time high of 4545 then it is going higher for sure. However, he hasn't had a long term projection of a high since the 4200 plus projection that was validated and then some around the time you are referring to.

george526
george526

Great Stuff

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