Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

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To: Kirk © who wrote (16403)	7/27/2023 2:41:25 PM
From: #Breeze	4 Recommendations of 26769

Kirk, before I initiate in a position in a new stock I always apply a wave count to a chart of its entire price history. I do this to I know the entry price relative to the big picture wave count. Then I begin to wave count on a daily chart to develop a road map with price targets. If my wave count is correct I can measure the pull backs and hopefully not get out of position prematurely. The higher the wave count degree top the larger magnitude of a pullback. ie the magnitude of the Oct low off the ATH in the SPX.Thus far the targets I've been posting on your site have been hit for stocks. Confirms my overall wave counts are on track. Moreover I always look for technical patterns to confirm my counts. I'm not perfect. Breeze

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