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Non-Tech : Kirk's Market Thoughts
COHR 159.34+18.3%3:59 PM EST
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berniel
northam
To: POKERSAM who wrote (14252)8/3/2022 3:03:03 PM
From: Kirk ©2 Recommendations   of 26434
 
Thanks. So if the Max point is violated, your model raises it and starts again?

I thought maybe it would change polarity and call for a further rally like a breakout above a H&S neckline or other resistance/support levels in the charts I use.
I realize bear markets are not commonly acknowledged till a decline of 20%. etc.
Not sure I understand that. I can't speak for others but I've been calling it a bear ever since the S&P was down 20% on an intraday basis. It would have been more correct to use the total stock market which was down over 20% even sooner, but trying to teach what makes sense to an industry that loves past history.... well, you know how that goes.

Once a bear is triggered, I change to "take profits quickly" but still work to grow my number of shares overall so when we eventually get a new high (only fools think we'll never see old highs again) I'll have both More CASH and MORE shares so my portfolio (and net worth with my own funds) continues to grow.
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