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Non-Tech : Kirk's Market Thoughts
COHR 174.21-2.3%10:50 AM EST
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To: kimberley who wrote (7962)12/17/2019 9:52:00 AM
From: Kirk ©4 Recommendations

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I've put off taking some more profits hoping to slurp at the trough a bit longer before slaughter from the next big decline. Many charts and other indicators are still only "mid band" for me.
I think this is just the beginning...with the Fed injecting so much money, I would think equities have a lot further to go!
Timer Digest sent out their annual forecast issue last night and "only" 37 of us sent in forecasts with 20 bulls, 8 bears and 9 neutral/combination for 2020. I like to toss the mid banders and get bulls over bulls plus bears of 20/28x100%=71% - a far cry from "everyone is bearish" or "everyone is bullish". Given the market goes up 2/3rds of the time, neutral should be around 67%.... so 4% above midband is not overly bullish but the top ten for the past year is higher but still not 100%.

Here is an update of my pg 6 chart with a new little green circle added.

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