Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 170.45

-2.6%

Dec 17 3:59 PM EST

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To: robert b furman who wrote (3833)	2/15/2016 12:36:03 PM
From: Return to Sender	1 Recommendation Read Replies (1) of 26784

You are right Bob. If you throw out any discussion of a bear market at all then any move higher from here to new highs would just be a continuation of an ongoing bull market. Even so volume is a very important indicator. Lets go back to 2011 when the market had rolled over and approached bear market status. What happened that kept that from becoming an actual bear market? QE-3 happened. And what that did to the weekly chart was give the S&P 500 and virtually every other major market index a huge thrust higher in up volume. What is going to happen next for the market? I don't know but we have not had a higher volume upside week since last summer. That tells me that the market is at risk of further downside. JMHO, RtS

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