Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 181.67

+2.4%

Dec 5 9:30 AM EST

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To: Kirk © who wrote (3174)	6/11/2015 2:13:45 PM
From: Chip McVickar	2 Recommendations Recommended By Blasher nicewatch Read Replies (1) of 26710

Hello Kirk - My suggestion is to do a chart on the monthly time frame - both arithmetic and log Draw your pitchfork on both -then a second on both origin - july 2010 low spread - may 2011 high and low oct 2011 Okay, you'll see this pattern much better. Now increase your focus by opening charts on a weekly time frame of 3 yrs On the arithmetic chart draw another pitchfork origin - oct 2013 - low spread - high sept 2014 and low oct 2014 My interpretation is that these pitch forks are carrying the market higher along the median line of the weekly arithmetic - which has not been broken. I look for higher prices into the end of the year. A normal correction could take us down to the lower tine around 17,000 without breaking the long-term integrity of this weekly pitchfork off the low in oct '14 Finally, there is a Time Forward Projection for the week of June 29 Look for either a reversal or significant power higher -look for news in the prior week - 29 June 2015 - the 29 week and the week after Look for an news or public sentiment that could make an impact. Hope this is useful. Chip

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