Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 159.34

+18.3%

Nov 6 3:59 PM EST

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berniel

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To: George Statham who wrote (20331)	9/10/2024 10:18:18 AM
From: Kirk ©	2 Recommendations of 26434

Perhaps these potential necklines are why he's run away from his buy signal. There is an interesting divergence between #SOX and SOXL. Many are writing about a potential H&S top with neckline around 4260, which the SOX is still a long way from completing, so not a valid pattern... yet. But SOXL, showing a huge time decay in value, is very close to completing it and with a neckline decay showing how quickly it loses value relative to the SOX. . It still amazes me that anyone "selling advice" would recommend SOXL for anything but a day trade... just look at the difference between the two "shoulders" ... SOXL has fallen from roughly 56 to 41 while the SOX shoulder went from just under 5250 to just over 5250! .

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