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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: POKERSAM who wrote (14252)10/4/2022 10:16:09 PM
From: Kirk ©  Read Replies (1) of 26434
 
Have you updated your chart?


We went higher, 4325.28 and seemed to have caught a bottom testing the June low with what seems a powerful bounce with some follow-through today.

For all we know, it is just filling an open gap, but another gap up tomorrow would make for a powerful island reversal, another extremely bullish pattern. The futures are down now so you may escape that! <wink>



Not sure I understood this as we were down over 20% and REMAIN down over 20% despite a nice rally off the recent lows.
I realize bear markets are not commonly acknowledged till a decline of 20%. etc.
This table uses closing numbers so the bear deniers will still squawk while lowering their credibility.

I think we're still in a bear until we can rally 20% off a low, then it is a cyclical bull and we'll have to take out the January high before I'll call it a new cyclical bull... my belief is NOBODY can call those ahead of time but it is sure entertaining to watch everyone try, then piss on each other for being wrong.

Congratulations again on being right that we entered a bear and the 4114 Spring Low would not hold.


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