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Non-Tech : Kirk's Market Thoughts
COHR 132.24+0.2%9:30 AM EST
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To: Kirk © who wrote (14832)11/12/2022 9:38:41 PM
From: POKERSAM1 Recommendation

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da_cheif™

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My statement was that 4000 would not be seen in 2023. I still believe that is so.
This three-wave bounce from 3698 has now reach the 61.8% retrace of the five waves down from 4325.
This is the third most likely target for this bounce. 38.2% was the most likely with 50% being the second most likely.
In all likelihood we are on the cusp of a five wave drop to the 2200-2400 area to end Super Cycle (II). We should accomplish this late 2023. Of course, this means there will not be time to get back to 4000 in 2023.
With the completion of five more waves down we will begin a massive bull market in Super Cycle (III) that will carry us to 9000, give or take a couple hundred. The usual corrections will take place along the way of course. As you know the market fluctuates in what I call waves.
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