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Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM
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To: Kirk © who wrote (1039)1/5/2022 11:10:23 PM
From: POKERSAM1 Recommendation

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As stated in the title I only change the title image at Cycle degree. At the Cycle degree I am bullish to the target stated in the title. In the past I have changed it a few times at Primary degree when the projected target warranted it.
This is a small degree dip of about 150 points or so and does not warrant a title change from bull to bear.
In my Trading Pit we play the dips and blips when their target is large enough to make a good profit with little risk.
I would be changing the bull and bear more often than I care to if I changed it every time we went short or long and vice versa.
Different traders trade different degrees in the Trading Pit. I personally like to trade based on high confidence in the projected point move. Since the last top I have been short. This abc down should have another 50 points to go to reach the 73% odds target. The wave structure will tell us if it will make it or not and give us plenty of warning to change course to long.
The last time I put up the bear we were at an inflection point that could have easily been the end of the bull from 2191. As it turned out the Intermediate (5) of Primary [5] extended so I put the bull back up and have the target for the next probable top at or near 5715 as stated in the header.
Bottom line is that I am longer term bullish and since the last top short term bearish.
I hope this clarifies.
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