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

To: Kirk © who wrote (6054)	8/10/2018 11:52:52 AM
From: robert b furman	1 Recommendation Recommended By POKERSAM Read Replies (1) \| Respond to of 26510

Hi Kirk, I've been thinking we have needed a reset this last week. Those 4 days of 7/5 - 7/10 are huge offsets for clx to digest and they're all in a row. 10 day clx has one zero and only one negative (-5), so its facing headwinds now and the 30 gets rough next week. I smell a weak run up to new highs,and I think it just ran out of gas. FNSR is really showing great RSI in the face of a weak day. ( looks like Macd has room to run ) stockcharts.com LRCX - not so much with Macd: stockcharts.com Amat - not as volatile as Lrcx: stockcharts.com I wonder if the merger between Infn and Coriant are impacting FNSR? Trump and Xi will kiss and make up - where they're going is not good for either. It's all about saving face for both. If as Trump says, they're good friends, its just buying time for the agreed upon details to get hammered out. Turkey is an out of control dictatorship which sadly was brought into the European union. The ECB is not going to be happy to bail out the Turkish Bonds held in European Banks. I can see that being systemic. Much like the Asian Contagion - Turkey may be the mark of a topped out market - potentially not good. If it acts like 1998 did - we'll have a big reset before the parabolic launch that took us into the dot.com distribution top. In 1998 I had a huge margin and it was a very stressful time for me. I'm not in margin at all and have enjoyed that very much. Enjoying reinvesting my dividends. Fnsr tackling it's 200 ma today - shows strength. I had not noticed till you pointed it out - Thanks What do you call this? - a 3 day island reversal? stockcharts.com Bob