Elliott Wave and Index Trends with POKERSAM Message Board

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Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM

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From: POKERSAM	5/4/2022 8:14:57 PM
	2 Recommendations Recommended By badger3 Ms. Baby Boomer Read Replies (1) of 1764

3800 remains my target. Today we were back up to the last wave [ii] of 3 of (3). It really changed nothing. IMO what we witnessed today was a wild-eyed stampede of the herd. Someone bought the BS of the Fed that they saw a soft landing because they had everything under control. They also bought the BS of Biden that everything was great including the shrinking deficit and lowering debt. So, they bought stock. Everyone else started to pile on and soon it was an irrational and manic run away. Once the herd stampedes it is hard to turn them. Have you ever seen a stampede in a western movie? We could go a little higher without hurting my wave count. Hopefully tonight the herd will quiet down and realize that their panic buying was not warranted because nothing has changed. Joe Biden lies and the Fed has not got anything right for at least the last 20 years. How are you enjoying the "transitory" inflation? I was stopped out due to the insanity. We should view today as a gift. Shorting higher is good thing. Thanks herd.

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