Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 128.77

-2.5%

Nov 4 3:59 PM EST

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To: POKERSAM who wrote (15325)

2/2/2023 8:52:30 PM

From: Kirk ©

5 Recommendations Read Replies (1) of 26408

So at SPX 4100 you changed from bear (short) to bull (long) and will stay long until 4250-75?

We could hit 4250-75 before rolling over. Confirmation is at 4100.

I missed that as I just check what you posted here when I did a search.

That means you went long to capture about 3.7% after missing the first 20% off the bottom... seems a hard way to make money to me.

Or am I not understanding? You've had the bear up on your forum picture since the low so I figured you were still short, but congratulations if you caught these last 75 points from your old limit of 4100.

Should you have added yourself to "bears turning to bulls" now that you are bullish to try and capture 3 or 4% after missing 20%?

Each time we hit a top the bulls get in a lather.

I agree that when the perma bulls start slapping themselves on the back so hard they have to join Brock for Tommy John surgery... but I also add in the bears who were wrong for missing a 20% gain capitulating in an attempt to get a quarter in front of what they believe is a steamroller.

Note I put that 20% marker in awhile back so I'd know when some bears would start converting to bulls AFTER missing the 20% gain... I think the semis and some of my "leading indicator stocks" along with sentiment says we're going much higher this year, but we'll probably have a good test of that breakout neckline and/or today's bullish "golden cross" from above before expiration Friday.
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