Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

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To: Clam digger who wrote (13852)	5/24/2022 10:33:19 AM
From: Kirk ©	1 Recommendation of 26899

BTW, the "stock market" is the "Total Stock Market" in market cap estimated by VTI. Down 21.9% currently from its peak. Sadly, the chart is still bearish with more to go as the perma seemed to get excited with the rally to the neckline to test it from below... Not being able to see this very simple chart formation found in the age old TA Bible, "Technical Analysis of Stock Trends" tells me all I need to know about his cough... skills. As someone who is always long to some degree, I'd love for the bear to end here today with this new VTI low and a rally to take out the blue neckline... but I still have more asking me what to buy rather than telling me they sold out... AND we have a "leader" who says important foreign policy statements that his own staff have to say "he didn't mean that" after he says it... I think today's weakness is a big part of that disaster.

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