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: POKERSAM who wrote (13871)	5/27/2022 12:30:56 PM
From: Kirk ©	Respond to of 26395

Thanks for the update. We are working our way down to end Cycle wave A, then we will get a good bounce in B before dropping again in C of Super Cycle (II) that has a target near 2200 Like I have shown penetrating the H&S necklines I draw will cause those patterns to fail, what level would the market have to rise to invalidate your current bear target of 2200, the COVID-19 low?

To: POKERSAM who wrote (13871)	7/12/2022 7:44:31 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26395

Back to triple bear mode on a closing basis. SPX down 20.4% from the peak and only the non-representative Dow has avoided the bear... so far.

To: POKERSAM who wrote (13871)	7/27/2022 3:44:39 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26395

Any outlook change with today's rally? I think you said in the past 4100 was key, but I may remember incorrectly. Yes, one could argue that. You make a strong case and it is the majority opinion of those that I take seriously. That, however, is not my view. IMO we have just completed another in a series of 1,2s and will continue downward to eventually complete the Cycle A of an ABC that has an ultimate target near 2200. Currently the SPX looks like a break-out and is now back to my dashed-green resistance-turn-to-support line. My guess is SPX fills the ~4100ish gap, tests this break of the new support line from above then goes higher unless the economy goes into the toilet.