Kirk's Market Thoughts Message Board

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.

Non-Tech : Kirk's Market Thoughts

COHR 198.51

+0.4%

Dec 11 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kirk © who wrote (15044)	12/31/2022 12:39:03 PM
From: #Breeze	of 26763

On the chart I posted, I drew a line off the Wave (1) top. Wave (4) can not overlap that line else the wave count would be invalidated. Also note that Wave 4 low in March 2020 could not have been Wave (4) because it fell below that horizontal line. Is it possible that Wave (4) ended in May 2021? Here's an alternate count in red. If it did then a large five wave sequence ended with the ATH and a much larger decline has unfolded. tradingview.com I consider symmetry and the relationship between certain waves of the same degree. The Wave (2) correction took 103 months to end and unfolded in a simple ABC. The related Wave (4) correction has taken 9 months as a complex WXY pattern. These two waves of the same degree will alternate in wave patterns, time and/or retracement. Simple and complex or complex and simple. So for now I'm sticking with the primary count in black.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next