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: Rarebird who wrote (1401)	4/26/2023 6:34:31 PM
From: POKERSAM	Read Replies (1) of 1781

Yes, you are right. No time to be fighting the tape. The little bounce the next couple of days will fool many. Bullish bias dies hard. Counts can blow up and predictions prove wrong and still that bullish bias will hang on. Being bullish is easy. To be optimistic is the natural state of man. It is the most natural thing in the world. However, there is one place where it will kill you. That is in the stock market. The market goes up 60% of the time and down 40% of the time. So, the ultimate trend is always eventually up. It is only natural. The problem is that it is easy to forget about the 40% of the time that the market goes down. We are in a large degree move to the downside that is called a Super Cycle wave (II). The trend is down with the usual and predictable bounces along the way. Playing the bounces is profitable as long as you do not forget they are temporary and stay too long at the party looking for new all-time highs before the time for it. Yes, the market is going to new all-time highs, it always does, but not before it completes this large degree correction. Timing is everything. Meanwhile:

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