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Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM
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From: POKERSAM1/18/2019 3:11:20 PM
3 Recommendations

Recommended By
Fintas
humble1
Ms. Baby Boomer

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Today is an interesting day. It is probably the last day of a large degree wave two. It is (2) of [3] off the top of 2940. We need to take note of a few things.

First is the psychology of a wave two. I call wave twos "the sigh of relief wave" . Look at a chart of this wave two and note the wave one that preceded it. It was a dramatic long and sharp wave down. This wave two is giving relief to the shock of that fall. There is a collective sigh of relief among those who need to be bulls.
That wave one has been totally forgotten.

Second we need to note the reasons for the last couple of days and especially today. It reminds me of the foolish builder who built his house upon the sand. There are NO concrete reasons for today. Rumors without confirmation denied by the parties involved is all we have. Haven't we seen this all before? China is a big problem and the rumors they will roll over is a joke only believed by fools. That problem will not be resolved
any time in the near future or even foreseeable future. Their mind is made up and world domination is their goal. They will dogmatically pursue that goal. They will not be deterred or undergo a transformation to a democratic state with the same materialistic goals of the West. The West misunderstanding the mind of the oriental communist has cost America deeply for the last 60 years.

So should we play the odds that I have discussed earlier. Should we allow ourselves to be caught up in the euphoria caused by the rumors denied. The headlines are not true. This two will end in (3) of [3] down.
I think we should be sober when those around us are drunk. That is if we want to win.
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