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


To: dospesos who wrote (6619)1/29/2019 7:36:45 PM
From: Kirk ©  Read Replies (1) | Respond to of 26635
 
Thanks for the update. I didn't know you bought a bear suit! When did that happen?

I think the bear ended with higher lows in many of my leading indicator stocks made in December.

Then you get Lam looking like it finally ended its bear market busting out of the orange fork and bottoming in Dec.

Looks like the green fork is taking control, no?




To: dospesos who wrote (6619)2/1/2019 1:33:12 PM
From: Kirk ©1 Recommendation

Recommended By
isopatch

  Respond to of 26635
 
Are you still thinking bear?

I see very bullish breakouts... on almost all my index charts.

Here is one with a double breakout... don't see those too often.

I was considering taking more profits today at this resistance, but with the breakouts... no rush now but maybe add some stops just in case.




To: dospesos who wrote (6619)3/18/2019 5:03:13 PM
From: Kirk ©  Respond to of 26635
 
Being long stocks has worked out very, very well for me. Portfolios higher now than the peak last year.

This pitchfork chart clearly shows the transition from the bear that began just over a year ago and ended on Christmas. Seems obvious now the bull fork rules.

Needless to say, I've taken some profits before it touched the centroid but I'm not sure the pullback will be enough to buy back... as the first one to 163.60 certainly was not. We'll see.




To: dospesos who wrote (6619)9/2/2020 10:42:20 AM
From: Kirk ©  Read Replies (1) | Respond to of 26635
 
howdy 2 pesos...

Sentiment getting up there.... 25 to 30% moves without any retracement are rare too. Quite possible the recent weakness was the retrace that came too quickly that it was integrated out of this measure.

II Sentiment: Investors Intelligence Bulls / (Bulls+Bears) & S&P 500 Weekly #Sentiment

Important to note that II has "survivor bias" where anyone foolish enough to be bearish LT for the past 30 years has probably gone out of business... so there is a heavy bullish bias to that data. That is why I use the derivative... ratios, rates and levels of change rather than absolute numbers.