SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Kirk's Market Thoughts
COHR 159.34+18.3%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: POKERSAM who wrote (14567)10/14/2022 10:46:22 AM
From: Kirk ©2 Recommendations

Recommended By
Return to Sender
Robert O

  Read Replies (2) of 26433
 
Do you think this is a short covering rally on the way to your 2400 minimum or a tradeable low?

On the side of a tradable low we have
  • Cramer sounding super bearish yesterday when it was down huge before it reversed.
  • We're seeing cuts in CapX in major chip makers, especially TSMC
  • Intel may lay off 20% of workforce due to lower PC demand
    -Often bottoms come when the reality hits the chip sector... just as the tops for those stocks came last year when everything looked rosy forever
  • Sentiment reached rare oversold/bearish levels
  • SPX may turn just short of my Red H&S top arrow just as the rally fell just short of the blue iH&S arrow on this chart.

It is interesting that the rallies and drops have stopped just short of 20% recently...

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News