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

To: POKERSAM who wrote (14252)	8/3/2022 2:24:17 PM
From: Clam digger	1 Recommendation Recommended By da_cheif™ Respond to of 26433

I need to pay better attention to your calls because I missed your call that we would see 4200!!! I need to look back I thought you didn't think we would get over 4100 or that it was "unlikely"....

To: POKERSAM who wrote (14252)	8/3/2022 3:03:03 PM
From: Kirk ©	2 Recommendations Recommended By berniel northam Respond to of 26433

Thanks. So if the Max point is violated, your model raises it and starts again? I thought maybe it would change polarity and call for a further rally like a breakout above a H&S neckline or other resistance/support levels in the charts I use. I realize bear markets are not commonly acknowledged till a decline of 20%. etc. Not sure I understand that. I can't speak for others but I've been calling it a bear ever since the S&P was down 20% on an intraday basis. It would have been more correct to use the total stock market which was down over 20% even sooner, but trying to teach what makes sense to an industry that loves past history.... well, you know how that goes. Once a bear is triggered, I change to "take profits quickly" but still work to grow my number of shares overall so when we eventually get a new high (only fools think we'll never see old highs again) I'll have both More CASH and MORE shares so my portfolio (and net worth with my own funds) continues to grow.

To: POKERSAM who wrote (14252)	8/3/2022 3:12:27 PM
From: Clam digger	Read Replies (1) \| Respond to of 26433

Also, not so sure about the "should stop at 4200"....Will have to review this pm after work but seeing increased possibility of higher IMHO....

To: POKERSAM who wrote (14252)	10/4/2022 10:16:09 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26433

Have you updated your chart? We went higher, 4325.28 and seemed to have caught a bottom testing the June low with what seems a powerful bounce with some follow-through today. For all we know, it is just filling an open gap, but another gap up tomorrow would make for a powerful island reversal, another extremely bullish pattern. The futures are down now so you may escape that! <wink> Not sure I understood this as we were down over 20% and REMAIN down over 20% despite a nice rally off the recent lows. I realize bear markets are not commonly acknowledged till a decline of 20%. etc. This table uses closing numbers so the bear deniers will still squawk while lowering their credibility. I think we're still in a bear until we can rally 20% off a low, then it is a cyclical bull and we'll have to take out the January high before I'll call it a new cyclical bull... my belief is NOBODY can call those ahead of time but it is sure entertaining to watch everyone try, then piss on each other for being wrong. Congratulations again on being right that we entered a bear and the 4114 Spring Low would not hold.