More than one of us were wrong about this chart Bob.
Including myself. We thot the waves were pointed up. Then the recent rejection at 36 and rest is history. Been hard down.
The magnitude of this drop is troubling. You are a good enough waver to recognize there is Bearish option yet to play out or be nullified.
That 51.86 Big Top in early '21 could have been a Big B wave, so it appears now. We can no longer rule that out. To nullify that we need a reversal very soon and ramp that exceeds 24.06. If that does not happen we likely have more downside, and a possibly long ring out period.
And if the Big B scenario rules, Cohu is in a 3 of C down, with more to go. Hoping we get that reversal and ramp of up above 24.06.
You know the details of Cohu better than I. Tech is always moving on, including chip related. Is it possible the technology this company is in is moving on as well, leaving Cohu in the lurch?
Cohu does go with tech market trends. I favor the bull market continuing, but it is not going to last forever. We know this. But for Cohu to do something special, looks to me like we're running short on LT time.
Looking for a reversal probably before next full moon. Astro wise there are some good things coming up.
Mercury and Venus have been retrograde. Not unusual to be such during kaotic periods. Mercury goes prograde April 7th, Venus on April 12th. Full moon April 12th. Venus conjuct Saturn on April 7th, often when this happens in the situation we are in, we get a reversal. Buy it according to the astro chiefs.
I've nicknamed this stock Naughty Bob.
You are probably prepping starts for your garden. Still stuck in snow and ice, but warmth is on the horizon.
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