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

To: Qone0 who wrote (10795)	12/30/2020 11:09:39 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26806

Thanks for the IIVI chart & prediction. That's a harmonic pattern you are seeing. It has a completed 1.272 AB=CD bearish thunderbolt pattern in it. This pattern can extend up to a 1.618, but that is not common. That is a pretty big gain still possible so how tight do you set your stop for a short or buy back the shares had you sold them all waiting for a correction from this completed pattern? This pattern should go down to the .236 then up to retest the pattern, then down to at least the .382. As a long that trades around a core position by taking profits and buying back dips, I think those correction levels would be healthy and you might even get lucky/skilled enough to trade between rattling around those two levels before fundamentals (or Cramer) catch up and drive it to the next run. But it likes the .50 retrace fib. Yup... Bob will understands this term. That level sets the deep see II-VI nets for me. Never know when we get a flash crash so good to have them out. Thanks again and PLEASE feel free to add more charts. Perhaps for some of my other favorites like KEYS, LRCX and MSFT.