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Non-Tech : Kirk's Market Thoughts
COHR 175.05-1.9%3:59 PM EST
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To: techtrader73 who wrote (12868)1/20/2022 4:19:21 PM
From: Kirk ©  Read Replies (2) of 26780
 
That is one of my most reliable patterns. A test from below (or above if inverted) makes it tons more reliable too.

Add it to the sentiment that was not yet bearish enough and my guess now is we're going to penetrate the 200-dma and hit the pattern target of 4321, give or take. That would also be 10.3% off the top for a very nice correction.

Of course that is a minimum target but I've taken a few nibbles already as the Fed is still quite generous with the presses still running AND interest rates about 2% below where they should be....

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