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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (3434)9/21/2015 2:41:14 PM
From: Kirk ©  Read Replies (1) | Respond to of 26632
 
I hope you ring a bell when you think the SOX bottom is in.

Markets usually bottom when/AFTER they shoot the generals (often to make margin calls by selling the few great stocks to cover margin calls for the losers.)

I would have to put Lam in the general category.... will it hold the Aug low? Probably on an intraday basis, but on a closing basis, it is really close where a lower close on lower volume would be quite bullish.




To: Return to Sender who wrote (3434)9/22/2015 11:44:52 AM
From: The Ox  Read Replies (2) | Respond to of 26632
 
What we need to see is a retest followed by a 9 to 1 upside day or a couple of 80% upside days. First the market is going to retest in my opinion because we have not yet seen such a day since the August bottom. I want to see 8 to 1 twice in close succession on up volume and issues. One 9 to 1 day would do it.

Looks like a possible 9 to 1 down day thus far....


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