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Non-Tech : Kirk's Market Thoughts
COHR 193.50+1.3%Jan 20 3:59 PM EST
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To: Kirk © who wrote (2939)3/22/2015 9:00:16 AM
From: Fintas1 Recommendation

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toccodolce

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I stumbled upon a POINT AND FIGURE CHARTING thread so I've been spending time there attempting to lay out the thought process by presenting the multiple views as if one were going from a general plan view to a detailed drawing.

It better helps to explain my thought process to those who have an interest in PNF or just what the heck is he saying.. And as often the case my posts will be verbose as will this one.winded. But long winded because anyone can say. 2500 spx. It takes a bit more to consider how. No different when I put up JDSU to 29.16 when it was in the 2's. Boy did I have my haters back then. So what if they were wrong and OL JDSU didn't go BK.

When I first began posting on SI back in 2009 I put up the 972/1458/1944/2430

And often just the 972/1458/1620. Or sometimes just the 972/1458. I know what I'm thinking.Most just see the number and react. How many read my POG was going to 1174 yet never understood how I saw that number on the way to the TOP and over TIME and determined ok that's it.. Down is coming. I picked up lots of ignores on that one. Heck I picked up a lot of ignores on deflate gate. HMM where the heck is that finding and where is that spread sheet showing me each ball and each data point for each.. I guess the NFL is busy recreating.

Throw in lots were not happy with APPLE is going to 448 from that 700 and I'm surprised there wasn't mob outside my door to lynch me. Yet I'm no APPLE hater. I only wish I considered it when first presented to me at the equiv of 3 ish back in 2002 ish. But Apple was tired needed a rest and it happened. Now Apple has flipped up. But on that board I've presented both possibilities for APPLE going forward. Those that have an interest can read. I just put the data up.

Unless one understands the sequence it would be hard to understand each step to such. Whether the SPX or GE. Ya just don't start up a refinery. There are many data points and sequences to do so.

Way back when my thought process allowed me to take the position at one point as things were pulling back and many were getting nervous in 2010 ish that the SPX 850 would not never be seen again and neither would 950 spx. What ever happened to ol Money Friend? Well here we are better than 5 years years later and has that SPX 950 been hit? NOPE! But back at that time there sure were a whole bunch who thought and called me nuts. In fact Don questioned whether I was long because I put up a retrace to the 1010 off that high at the time. I don't know why so many react to a number. When I put up CAT would drop from 115 ish to the 80 ish it wasn't personal. I own CAT long. But some could have exploited it by using tools.. OR just sit there and watch it come down.

DITTO those who recently saw WYNN drop from the 245 to the 125 ish. As you know a good investor has a plan as you demonstrate to use cash when applicable. Kudos.

In any case differences of opinion is what makes a market.

Where are those who screamed daily BAC was going BK.

Those who recently thought FNSR was heading lower towards 6.48.

NOPE.

Have a good one.

One day you may want to explain to some that just because a stock does a reverse split doesn't mean it's dead. Or that taking a stock BK doesn't happen as often as the term BK is thrown out.

Yup LVS was going BK. So too F.. Or was it Sunw.

IMO

Fintas
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