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


To: Kirk © who wrote (14550)9/30/2022 5:14:19 PM
From: Qone02 Recommendations

Recommended By
Kirk ©
Lee Lichterman III

  Read Replies (1) | Respond to of 26384
 
I think the .618 @ 3200 of this covid low forming bat is doable in OCT. We'll see.




To: Kirk © who wrote (14550)10/4/2022 9:59:02 AM
From: Kirk ©2 Recommendations

Recommended By
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rogermci®

  Read Replies (2) | Respond to of 26384
 
Sooo the group here is net bearish much like most of my sentiment indicators.
  • 14 bears
  • 8 bulls
  • 3 don't know
  • Bulls / (Bulls plus Bears) = 36%

Typically the markets goes up 67 percent of the time... so 36% is a great contrarian signal.

Does anyone have handy how much the market dropped in September? I believe it was about 10%.

This says the odds of October ending with a nice gain are good... I think we're up about 5% already in the first two trading days.

I believe I voted up 5 to 10% given the data below.