Pokersam's Swamp Drain Message Board

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Pastimes : Pokersam's Swamp Drain

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From: POKERSAM	3/25/2020 11:52:28 AM
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Here is one from duh cheif dumbass that makes my point that he is getting senile and needs to hang it up. "its not a huge deal....the dows ugly decline was conducted in preparation for the coming meltup ...all big advances are preceded by ugly declines....the uglier the better." An EWP pattern is five up and three down. In reality every melt up (five up) is corrected by a melt down (three down). The size of the melt down is proportionate to the preceding melt up. The size of the move up determines the size of the correction. The correction is smaller than the advance it is correcting, That gives the market the progress that it always demonstrates. So we see that duh cheif dumbass once again has everything backwards. ROFLMHO !!!! He thinks the size of the correction determines the size of the advance that follows. That is shear stupidity and nonsense. The target for a correction is a percent of the preceding advance.

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