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Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM
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From: POKERSAM1/17/2019 5:40:14 PM
3 Recommendations

Recommended By
Mevis
Ms. Baby Boomer
techtrader73

  Read Replies (1) of 1764
 
Today's spike was interesting as it required some internal modifications to the count. Actually it improved the symmetry of the decline from the 2940 top. It has an excellent look.
Bottom line is we have the same two future prospects we have had since 2346.58. I presented them before and will again here:

1. We completed wave (II) at 2346.58. 123 can be counted as ABC allowing for a complete correction. The minimum retrace of wave one by a wave two is 20%. That 20% retrace took place at 2485. A retrace less than 38.2% occurs less than 10% of the time.
Therefore there is a less than a 10% chance this count is correct. The permanent bulls of course are placing their bets this is correct in spite of the high odds against it. None of them have any knowledge of EWP and their bet is only motivated by their permanent bullishness. Not very smart IMO.

2. We are topping a wave two [2] and will go down in a (3) of [3]. This count will eventually carry us to a minimum of 1803 which is a 50% retrace of wave (I). 88% of the time Wave Two (II) will retrace a minimum of 50% of Wave One (I). So the 88% high odds bet is that we will reach a minimum of 1803 before we go to news highs in wave (III). I love it because the odds greatly favor it being correct.
The permanent bears do not necessarily know why but they naturally love this count because it takes us lower. More lucky than smart this time. IMO

So you can bet however you like.
Option 1 we work our way to new highs and way beyond. Possible but highly unlikely. Less than 10% ODDS
Option 2 we go down to at least 1803. Possible and highly likely. 88% ODDS
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