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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To: POKERSAM who wrote (1196)	8/4/2022 4:24:18 AM
From: GROUND ZERO™	of 1781

Just my two cents on these markets: Inflation always subsidies after the initial jump higher, weak consumer confidence and consumer participation will force prices lower over time... this always happens... I still think we'll see major layoffs followed by large retail bankruptcies before this year is out, the business news could get worse... But, so what... these markets will continue to rally since it's already looking ahead, the decline we just saw occurred because these markets were looking ahead and saw the coming layoffs and large retail bankruptcies yet to come... But now that everyone is finally talking about the long awaited recession, these markets are again looking ahead to better times... this is why I think these markets will continue higher from here... Just sayin'... GZ

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