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

To: Chip McVickar who wrote (6318)10/29/2018 10:25:15 AM
From: Kirk ©  Respond to of 26788
 
Thanks for your clearly stated update and conclusion.
I feel we will see lower numbers and will post those numbers at some point.

The big negative I see today is it looks like many stocks and indexes rallied to fill an open gap and stopped.

IBM hit $118 and change today... holly crap batman!

Positive for a potential semi turn.... LRCX hit a center tine and bounced.... it has been a 20 year leader so one to watch.




To: Chip McVickar who wrote (6318)10/29/2018 10:28:31 AM
From: Kirk ©  Respond to of 26788
 
Here is one of my favorite "Irrational Exuberance and Pessimism" charts.

If I recall I was liberal with where I set the dots so I could get nice lines showing the 37 year trend on a log scale. That is it is not a "proper Andrew's Pitchfork" but I like how it drew the parallel channels on a log scale.




To: Chip McVickar who wrote (6318)10/29/2018 10:35:24 AM
From: Kirk ©  Read Replies (2) | Respond to of 26788
 
This one is probably better....



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