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Non-Tech : Kirk's Market Thoughts
COHR 179.77-9.4%12:01 PM EST

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berniel
To: Chip McVickar who wrote (6267)10/12/2018 9:35:43 AM
From: Kirk ©1 Recommendation   of 26764
 
Put your Rally Hats on!
  • Time for a Rally!
Charts in My Blog Post showing as of yesterday:
  • Dow $INDU down 7.7%
  • S&P500 $SPX down 8.0%
  • Nasdaq $COMPQ down 10.6%
  • Russell 2000 $RUT down 12.9%
The Fear and Greed Index crashing to 5 usually means the markets will be significantly higher soon.

Da's Clx yesterday, the day after WWW, looked very similar to the day after WWW in February. Back then we got a nice, tradable rally before a test of the low that got the rest of my sentiment indicators reset nicely....

Will we see the same, a bounce then lower lows or new highs?

My guess is much will depend on Trump's Trade War and the November election results but I hope to have unloaded some of what I bought the past few days at a nice profit before we know.
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