Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM -- Ignore unavailable to you. Want to Upgrade?

To: POKERSAM who wrote (78)	1/9/2019 2:43:01 PM
From: Robohogs	Respond to of 1764

Powell seems to think mandate is to pop the bubble. It was in an article back in October. But yeah, otherwise.

To: POKERSAM who wrote (78)	1/9/2019 3:28:50 PM
From: POKERSAM	3 Recommendations Recommended By Fintas isopatch Ms. Baby Boomer Read Replies (3) \| Respond to of 1764

There are two primary options available for the S&P at the present. Though there are variations available it comes down to basically two. 1. This correction ended with the low at 2346.58. We heard from the peanut gallery today that this is the opinion of the Mouseketeers and their proctologist. Is it possible? I said earlier, Yes it is. It is also possible that that we drop to near 2346 and then bounce to near 2586 where we are and then down again to 2346. to end the correction. It is possible because this is a wave Super Cycle wave (II) and it has retraced the minimum retracement of (I) required by a second wave which is 20%. So it can happen. This, however, is the low odds option. WHY? 73% of the time a wave two retraces between 50-61.8% of wave one. A wave two only retraces 38.2% down to 20% less than 10% of the time. So is it possible? But the odds against it are 9 to 1. 2. This correction is in its infancy. Wave twos are most often ABC sharp patterns and are swift when compared to a four. That being the case we have not completed the A wave yet. We will not hit a 50% retrace of one till we reach 1803. On the near term if the bear case is correct we will drop to near 2346 and then bounce to near 2586 where we are now ending a flat wave 4 and then down below 2346 in wave 5. This will all lead eventually to 50% retrace at 1803 and beyond. This is the high odds view by a wide, wide margin. So as clearly as I can I have given you the two alternatives and the reasons for both. You can bet on which ever you prefer. I play the odds. The chart at my web site referenced in the header proves my top call just after 2940. The Mouseketeers have fought it and denied it and laughed like braying jackasses at everyone who thought we might get a correction of any size at all. They are now denying it is a bear market and that it is only a Bull market correction. The Perma Bull denies that a bear market ever exists. It is his opinion that any drop in the market no matter how large is just an adjustment in the bull market. I will give you links to verify this twisted thinking. Message 31966652 Message 31966537 Here is a brainwashed student of the master. He states this twisted opinion clearly. Everyone knows that there has never been a correction that the market did not recover from and then go higher. The fact of the matter is that the market moves higher in five waves and corrects in thee waves so it is overall moving higher. It goes up 60% of the time and retreats 40% of the time. This is ignored by ALL Perma bulls and Perma bears.