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Non-Tech : Kirk's Market Thoughts
COHR 159.34+18.3%Nov 6 3:59 PM EST
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To: Kirk © who wrote (14508)9/21/2022 5:18:14 PM
From: Sun Tzu2 Recommendations

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Kirk ©
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A few days ago I posted the roadmap for NDX to 10500.
I said that we'll bounce off of the 0.618 retracement to the fib (yellow line) above, possibly crossing midways into the the fib above (green) and then break through into the fib below (light green). And once we do that, revisiting the summer lows and eventually the 10500 area is a given.

Here's the 5 minute intraday chart of what happened today.

The average drawdown for a recession bear market is 37% on SPX.

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