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Non-Tech : Kirk's Market Thoughts

COHR 178.17

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10:23 AM EST

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Kirk ©

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To: Kirk © who wrote (3821)	2/19/2016 9:32:52 AM
From: Chip McVickar	2 Recommendations of 26781

Good Morning Kirk - In the Dow we've seen it test the earlier Jan 20th low... Then to move up to capture the old reversal closing high on Jan 29 at 16466.30 Which also happens to be a 0.382 move towards the last close and a reversal high 17720.98 on 29 Dec 2015 Now we see... although this 29 Jan close was taken out... price failed to close above 16466.30 on the first run On today's close we should be looking at the third day This is definitely a sign the technical buyers aren't yet willing to jump in Negative interest rates in my way of thinking is a killer signal to the general public and most of those investing in stock markets... who don't really know what the Fed reserve banks do or what trouble the international banks are really in... there's an article on Japans reaction in today's WSJ that clear states my point. Negative is a negative... right can't be good --- much less, why would anyone park money at neg returns. I'm not convinced we're in a bear market off the highs late last year Nor am I convinced the swing bottom is in place for a sustained move higher In my Time Forward Windows... next week is pivotal. Chip

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