Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Kirk © who wrote (6725)	2/15/2019 4:35:43 PM
From: Winfastorlose	1 Recommendation Recommended By Kirk © Respond to of 26679

Being a Cali boy, maybe you learned some lessons from Reagan. "The Great Communicator". He followed two rules of communication. Kept it simple. Kept it concise. Do that and every reader or listener can follow without a struggle. Very important. Many of us often try to impress with our knowledge of a subject and leave the listener stranded in space as we wax eloquent with technical terminology. That is a big mistake. . "Come back to Earth, Will Robinson".should be a voice in everyone's head as he or she attempts to communicate an idea.

To: Kirk © who wrote (6725)

2/16/2019 12:25:39 PM

From: Fintas

1 Recommendation

Recommended By
toccodolce

Read Replies (1) | Respond to of 26679

I remember when a 10% correction was considered a bear.

Here's the latest PNF of the RSI of the RUT. IT closed at 37.339 even though the RUT was up 20 ish.

That is barely a nudge from the previous day re it's RSI and it says to me yes it's up but I would not be looking for a double from here anytime soon. The range UP to turn to X's is apprx 15-18% and the risk down is similar if we add 2 O's and far less if we just retest the 36 ish.

So I wouldn't be surprised to see the 1600's. I would be surprised to see it's RSI turn to X's at the 43.74. So I lean RUT will either retest the 36 or add a O or 2 and THEN set up for a nice double over time. Which by the way off that 972 it failed to do YET and some 3 years. AHH but off the lows way way down there.. TWAS a nice move. Same could be said for the SOX and off it's lows of way way back.

SO BULL OR BEAR. Well yes we had a decent hit. BUT take a look at AMAZON off it's 4/34/64/100/200/500 and that pullback from 2020 to 1370 ish was NADA. IMO

Fintas

	91	98	00	14
77.1122					77.1122
72.4058					72.4058
67.9867					67.9867
63.8372					63.8372
59.9411					59.9411
56.2827			3		56.2827
52.8476			X	O	52.8476
49.6222	C		2	O	49.6222
46.5936	X	O	1	4	46.5936
43.7498		O	X	O	43.7498
41.0797		8	X	5	41.0797
38.5725		A		B	38.5725
36.2183				9	36.2183
34.0078					34.0078
31.9322					31.9322
29.9833					29.9833
28.1533					28.1533
26.4350