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

To: George Statham who wrote (14929)	12/11/2022 10:23:09 AM
From: Kirk ©	1 Recommendation Recommended By Return to Sender Respond to of 26398

Thanks again! I've seen some call a "bearish broadening top pattern" a bullish "megaphone bottom" so hard to use as a predictor other than it could end a consolidation before the next move. client.schwab.com From this chart, 3500 is in play but a trip down to 2500 first to test the breakout and 200-dma is not out of the question and would confirm a ST "bearish broadening top pattern." One could possibly draw a bull flag and get a target well off the screen in 2023 or 2024, perhaps from profits flowing to companies benefiting from the new semiconductor plants being built in the US while others suffer with higher costs (lower profits) for those chips with higher labor costs... a good "story" for selling companies that use chips for those that make them and make the capital equipment.