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Non-Tech : Kirk's Market Thoughts
COHR 192.43+3.6%12:08 PM EST
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To: Kirk © who wrote (12975)1/27/2022 8:39:45 PM
From: robert b furman  Read Replies (1) of 26738
 
Hi Kirk, I do clx every day. Sometimes I get two days behind if busy on my Nomad or on the road.

I've noticed over 6 years of doing clx, that bottoms often dip to -8 to -10 on Aydis (3 of C), then get barely positive, and then dip to -6 to -8.

I think that may be a sign of an anemic 4 wave and a final weak 5th wave of a corrective C wave ending.

It makes sense as the C wave has shaken out all of the weak holders, and the weak holders are drying out.

The market makers have completed their inventory at a discounted price accumulation.

Just a thought.

Bob
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