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


To: robert b furman who wrote (5190)11/9/2017 9:25:23 PM
From: Kirk ©  Respond to of 26800
 
Yum!



To: robert b furman who wrote (5190)11/11/2017 9:20:05 AM
From: robert b furman1 Recommendation

Recommended By
3bar

  Read Replies (1) | Respond to of 26800
 
Hi Kirk,

I think we are running out of gas - need to refill the tank with a reset:

stockcharts.com

stockcharts.com

If it is a typical reset it should take 10-15 trade days.

I'm hoping that a tax "reform / cut" bill will takes us sideways into expiration as we hear all of the noise from politicians.

It could just be that Trump threatens a veto if they don't make the tax for corporations immediate that would set up the reset and some big and fast drops to the 2300 DJI gap and the 2465ish gap in the SPX??

Just guessing!

I've bought back to cover all of my sold puts through the end of the year.

Its been a good year !

I think we reset into December and then have a Santa Claus Rally into Christmas.

Happy Thanksgiving to you and your better half.

Bob