Pokersam's Swamp Drain Message Board

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Pastimes : Pokersam's Swamp Drain

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From: POKERSAM	8/7/2023 11:59:37 AM
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My dear friends, take note that perma bulls always shine when markets are rising. They are popular because they are on the right side of the market. They only see the possibility of positive moves higher. They appear to have an uncanny ability to set targets and see them hit. This continues as long as the market continues to rise. Woe be unto anyone who dares to ask a legitimate question of a perma bull in rising market. The euphoria that grips everyone at a top does not allow any descent. Honest discussion and questions are all but banned everywhere. It is just human nature and is very understandable. The herd mood is a powerful force. At a top the herd is in full stampede mode and to step in front of a stampede is a dangerous move. lol If you happen to have a question it does not pay to venture out of your safe place if you have one. Markets rise approximately 60% of the time so the perma bulls are right about 60% of the time. This is a good reason to be a perma bull if being a perma is your choice. Da cheif once said that he learned a long time ago that if you want to be king of the markets, you must remain bullish. History has proved that he has been faithful to this commitment. He totally missed the decline of 2000 and 2008. He remained a bull through both declines of over 50% in the markets. I don't know where he learned this, but it was probably Ney who was an actor turned con man. IMO we are in the midst of a major Super Cycle correction. We have completed five waves down and three waves up and we are now embarking on a move of five waves down that will take us near my original target set in Jan. 2022 of 2200. A drop of five followed by three up and another five down is the pattern of an ABC or a 123. At this point it matters little which you choose.

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