Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 198.51

+0.4%

Dec 11 3:59 PM EST

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To: #Breeze who wrote (15036)	12/31/2022 9:32:47 AM
From: Kirk ©	1 Recommendation Read Replies (1) of 26763

This chart shows the iH&S for the $SOX is still valid and tested perfectly from above. It is interesting that the iH&S target near 3500 could be hit and there would still be a debate if the SOX is out of its bear market as the top is still much higher. Back in 2001 I significantly beat the S&P 500 playing some of the counter trend rallies for some of the SOX stocks but 2002 took some of it back. I wonder if we'll see a similar pattern in 2022-2024... Some eWavers say yes, we're going much lower and some say no, we're going to new all time highs... .

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