Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

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3:59 PM EST

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To: Kirk © who wrote (15072)	1/6/2023 11:08:29 AM
From: Sun Tzu	Read Replies (1) of 26421

>> But don't you need something to confirm the price trend? Not really. It's a probabilistic bet. Take a position and put in a stoploss. Depends on how good of a tape reader you are. Here's my intraday SOX chart for today. The rule is simple: But near the green line on strength and sell near the orange line at the top on weakness. >> Yes if Oil usually surges when semi's start to tank... On what timeframe? Oil is a pro-growth macro indicator. In late cycles, oil surge means the economy is overheating and the interest rates are/will be going up. So I think this is more of a coincident/lagging indicator to semis than a leading one. But I'd like to hear your thoughts on it.

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