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Non-Tech : Kirk's Market Thoughts
COHR 193.50+1.3%3:59 PM EST
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To: Winfastorlose who wrote (8329)2/29/2020 8:39:58 AM
From: Winfastorlose3 Recommendations   of 27109
 
I will add one more thing to this. He does still call tops in his own way without trying to induce a panic. He gives upside objectives which are usually hit. He then explains that his model needs time to recycle and that until it does, it will be in no position to further support an advance. In his "speak", that can be taken as a short term sell. I know what he is saying without him coming out and telling people to dump.

If you pay attention to his posts, you should know that he recently stated that once this market breached the upper channel that he thought it was likely it would go back under the upper channel and visit support. He said this more than once. I think this sell-off surprised him as to it's depth and viciousness, but it surprised me too.

On the other hand, I made a lot of money trading it, but I have to confess that had he not warned about the fact he expected the market to revisit support after breaching the uptrend line, I would have never raised quite as much cash as I did before all of this happened even though I thought a correction was coming which would see AAPL at 268 and told him in private messages back at the end of January. I was 70% + in cash when the market broke and it gave me the firepower to make huge returns over the last few days by daytrading the bounces. .I made a year's worth of returns in a week.

I have him to thank in a big way. His comments about revisiting support after a break of the upper channel caused me to look very hard at the possibilities.
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