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Non-Tech : Kirk's Market Thoughts

COHR 154.52

-3.0%

Nov 7 9:30 AM EST

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Kirk ©

To: Kirk © who wrote (5503)	2/4/2018 4:27:00 PM
From: Rarebird	1 Recommendation Read Replies (2) of 26443

There is no confirmation yet and the OP is fully aware of that. The S&P hasn't even broken its 50 DAY EMA here, let alone touch it. Moreover, The A/D line and value line geometric recently hit new all time highs. It would be literally incredible if a bear market has already started. I suppose there is a first time for everything. But one cannot deny that what took place this past week was sudden, impulsive and wrecked tremendous devastation to the A/D line. Trading only deals with probabilities, not certainties. That's for sure. And Pokersam's call is still clearly a countertrend call. Problem is I don't recall the A/D line deteriorating this badly so quickly on such an initial correction before. It makes me think there may be more at stake than meets the eye.

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