Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 185.83

+5.8%

Dec 19 9:30 AM EST

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To: Kirk © who wrote (15705)	4/1/2023 12:12:09 PM
From: robert b furman	Read Replies (1) of 26806

Those who support the Climax study have historically noted that when the 30 day clx breaches the zero point after having been negative for a long time period, the market has often accelerated. Thursday the 30 day CLX was -1.70. With this last weeks very strong breadth Friday increased an unusual amount to -.30. We are very close to ascending above zero next week. There are future offsets that support an extended run upi for four weeks. We are admittedly ST extended, but strong advances in a bullish three wave up are the norm. Just saying it looks like this run up has the potential to rip a shorts face off. That is the fuel of advanced and fast impulsive waves up! There are very few believing in this advance, as your sentiment charts do a great job of showing. I say Giddy up and watch the 35 EMA that Breeze puts on his CLX charts - chart # 2. It's a bit of a leading indicator. Bob

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