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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isopatch

Ms. Baby Boomer

From: POKERSAM	1/6/2019 5:53:50 PM
	2 Recommendations Read Replies (1) of 1764

OK, where are we in this decline. Look at the second chart in the header. This is a monthly chart and this is what it is saying. It drops then it bounces, then it drops again and then it bounces. What you are seeing is a 123and 4 of a five wave impulse. Taking a closer look at the first drop we have a series of four 1,2s. During this time the market went sideways. Then we dropped again in a 3 and now we are working off the 4,5s of those 1,2s and the market is going sideways again. It is a big range we are going sideways in but a 1,2 must have a 4,5. So all four of these must take place. The most common pattern for a wave four is a a flat. We have only completed one of the fours. My point is that we are going to bounce up and down in a 200+ point range till we complete this 5 wave impulse that began at 2940.

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