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

To: Kirk © who wrote (14652)	10/14/2022 11:08:10 AM
From: Kirk ©	Respond to of 26434

I added more charts and reasons for the bear case to go with the bull case posted here facebook.com On the side of a tradable low we have Cramer sounding super bearish yesterday when it was down huge before it reversed. We're seeing cuts in CapX in major chip makers, especially TSMC Intel may lay off 20% of workforce due to lower PC demand -Often bottoms come when the reality hits the chip sector... just as the tops for those stocks came last year when everything looked rosy forever Sentiment reached rare oversold/bearish levels SPX may turn just short of my Red H&S top arrow just as the rally fell just short of the blue iH&S arrow on this chart. Other? On the side of a new low before a 15% or more rally, we have the trend is down until we start seeing higher lows or a real "V-Bottom" with follow-through The Fed is still raising rates - "Don't Fight the Fed" strategy is popular for good reason. S&P 500 earnings estimates may need to be lowered more as strong dollar, high input costs and shortage of workers continue to hurt profits Other?