Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 164.29

+6.7%

Nov 28 12:59 PM EST

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Kirk ©

To: Kirk © who wrote (3386)	9/2/2015 11:57:14 AM
From: robert b furman	1 Recommendation Read Replies (1) of 26642

Hi Kirk, I think it is time to buy the dip here. 30 day clix has not been so negative in a year and it just flatlined. Today and yesterday are retests of last weeks deep and very fats decline. It is time to look for divergences and lower volume ( fewer sellers ) On spy we dipped back to retest the lows of 10/15/2014 and some divergences are appearing. Not sure what would launch the reversal but no rate increase and/or the Saudi's blinking on pumping cheap oil would fuel an earnings revival for the energy sector. I thin we are seeing a retest that is about to end up in a strong reversal up ( much like chippers chart shows). Stove pipe up as he puts it!! Bob

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