Cohu, Inc. (COHU) Message Board

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Technology Stocks : Cohu, Inc. (COHU)

COHU 23.28

+1.7%

Nov 6 3:59 PM EST

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To: Johnny Canuck who wrote (7471)	12/11/2022 8:11:51 PM
From: robert b furman	Read Replies (1) of 7822

Triangles are short term formations, and yes the closer they get to the apex the less strength they have. I also think it could be in a zig zag corrective wave and just now completed the B wave. It may now be in the first wave down of the C wave. 5-3-5.and in 1 of 5 now. My climax studies are decidedly negative. This market may go sideways into expiration and then resume a negative decline. It's all about interest rates and inflation. Longer term I'm bullish about crude and natural gas. In fact your chart suggests a turn up very imminently. IMO How long it goes is a bigger question. A colder winter is the big plus. China s said to be struggling with a huge debt problem on housing. So much so it exceeds the banks capital. China will come out of lockdown, but will be very weak. A tremendous over allocation into housing, that is now declining in value. Sounds familiar eh? 2008 like in the USA. Unpopulated entire cities added to a aging demographic = bad combination and years of stagnant growth. The Japanification of China? Bob

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