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Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM
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To: techtrader73 who wrote (201)1/18/2019 8:19:00 PM
From: scoot12121 Recommendation

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POKERSAM

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...plus a full Moon, Sunday. ;) I developed a weekly model that has a trend indicator that is still over sold and flat-lining. That's after 4 weeks of green sticks!! Looks like next week will have a Black Tuesday, Wednesday, Thursday, or Friday in it. This looks to have been a complete fake-out to the upside. This month will have high volatility between here and the end. That will bode poorly for the rest of the year, too. The real reason for all this is because of long-term yields. Last time they moved up like this was the first of September. Back then we were in an uptrend and the stock market went up for a couple more weeks before it reacted in a sell-off. This time we are starting the move up in rates during a downtrend in stocks! This shouldn't take as long, before the selling begins in earnest for every stock out there. The second impulse in rates is like a recognition phase, so it should show fireworks much more quickly. As we started this month, I really thought that I would need to wait until January 31st to make this forecast, but it seems to be revealing itself already. :)) DDD
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