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Non-Tech : Kirk's Market Thoughts
COHR 157.96-5.2%3:59 PM EST
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To: Kirk © who wrote (4245)8/23/2016 3:45:21 PM
From: Kirk ©  Read Replies (1) of 26459
 
What is interesting is several of my favorite investments that I trade around core positions are sitting just at inverted head and shoulder necklines. A penetration on volume would predict the explosion....
The theory is essentially that if the stock market can meander higher on lighter trading volume, then it is potentially much more explosive on the upside, when trading volume perks up.
For example:


You could also argue it tested a breakout from above at $65 (where I bought back some shares sold at $80) and is just now starting to light the rockets.

Of course, if you have many shares as I have from buying long ago, taking some profits near here also makes sense...
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