SI
SI
discoversearch

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: Rarebird who wrote (7137)5/13/2019 2:54:46 PM
From: Kirk ©1 Recommendation

Recommended By
rdkflorida2

  Respond to of 26862
 
I agree 100%

I think TA is very useful for finding resistance and support but I've never seen anyone call tops accurately over several market cycles using TA.

Since the markets have always gone on to recover and make new record highs, bottom callers can just keep calling them and eventually be right. Bob Brinker, who used to have a national radio show and was one of the top rated market timers by Dilber.... er Hilbert, called bottoms after bottoms during the housing crash bear market all the way down from 1500s to 800s but missed the 700s and 600s... but it didn't stop him as he eventually called a pullback to 1100 on the way back up and used that to advertise.

Dr. Ed Yardeni had a pretty good system for setting asset allocation based on some valuation fundamentals that looks like it could beat buying and holding the market, but he stopped publishing the model years ago... probably because you have to pay to get it.



To: Rarebird who wrote (7137)5/13/2019 3:32:56 PM
From: Fintas1 Recommendation

Recommended By
toccodolce

  Respond to of 26862
 
Fundamentals don't matter. WINK.

While I'm here, here's another way to look at the SPY.

As one does take a look where it was back in year 2011. Where it is now.

Where the support resistance lines are.

This is but a 5 value box.

I'd be counting DOWN and while doing so gaming where the support is and what happens if some begin to say. Made enough, I'm taking profits to come back in lower.

Just saying IMO

Fintas

1415161719
315.00 315.00
310.00 310.00
305.00 305.00
300.00 Top300.00
295.00 295.00
290.00 X4290.00
285.00 X8O3Mid285.00
280.00 XO37OXCX280.00
275.00 XOXO6ABOXO2275.00
270.00 12XOXOXOXOXBot270.00
265.00 XOXOXOXOOX265.00
260.00 BOXOXOOX260.00
255.00 AO4O1255.00
250.00 9OX250.00
245.00 6OX245.00
240.00 3OX240.00
235.00 XO235.00
230.00 2230.00
225.00 C225.00
220.00 B220.00
215.00 7215.00
210.00 CXB4210.00
205.00 BOXOXOX205.00
200.00 XXOXOXXOX•200.00
198.00 7XOX28XXXOX13•198.00
196.00 XOXOXOXOXOXOXOX•196.00
194.00 6OXAXOXOXOXOAO2X•194.00
192.00 X8OXOX9OOXOXOX•192.00
190.00 5OXOXOXOXOX•190.00
188.00 3XOXOXOOXOX•188.00
186.00 XOXOXOXOXOX•186.00
184.00 XXOXOXOOXOX•184.00
182.00 COX4OOO•182.00
180.00 XOX•180.00
178.00 B1X•178.00
176.00 X2X•176.00
174.00 XO•174.00
172.00 XX•172.00
170.00 89OX•170.00
168.00 XXOXOX•168.00
166.00 XOXOXA•166.00
164.00 XOXO•164.00
162.00 X67•162.00
160.00 5OX•160.00
158.00 4OX•158.00
156.00 XO•156.00
154.00 3•154.00
152.00 2•152.00
150.00 X•150.00
148.00 XX•148.00
146.00 XO1•146.00
144.00 9OC•144.00
142.00 4XAX•142.00
140.00 3O8BX•140.00
138.00 XO7OX•138.00
136.00 XOXO•136.00
134.00 25X•134.00
132.00 XOX•132.00
130.00 XOX•130.00
128.00 •XX16•128.00
126.00 •XOXOC•126.00
124.00 •XOXOX•124.00
122.00 X•XBOX•122.00
120.00 XOXOX•120.00
118.00 XOXXO•118.00
116.00 X9XOX•116.00
114.00 OXOX•114.00
112.00 O•AX•112.00
110.00 •OX•110.00
108.00 •O•108.00
106.00 106.00
104.00 104.00
102.00 102.00
100.00 100.00
99.00



To: Rarebird who wrote (7137)5/13/2019 4:22:04 PM
From: Kirk ©  Respond to of 26862
 
Dow down 2.4% today with all stocks but PG in the red.
PG spoiled the party today.... maybe it is saying "wash your mouth out with soap" or "shave your playoff beards!"



HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News