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

To: robert b furman who wrote (14935)	12/18/2022 10:15:00 PM
From: Kirk ©	1 Recommendation Recommended By Return to Sender Respond to of 27378

Hi Bob Many folks view that "Broadening top" , or "Spandos" as a continuation pattern. It is good to be optimistic but I think "many folks" you refer to might be considered "perma bulls" that have never gotten bearish at tops. Of course, sometimes they are right as these things are like flipping coins with head or tail winds. From en.wikipedia.org Broadening top (a.k.a. a megaphone pattern) is technical analysis chart pattern describing trends of stocks, commodities, currencies, and other assets. Broadening Top formation appears much more frequently at tops than at bottoms. Its formation usually has bearish implications Excellent point that I agree with 100%: Those short term discounts are such wonderful values. But I've started keeping my dividends to spend or build a larger cash position as I'm getting older and have been using strength to lower asset allocation to one that lets me sleep well at night. They also build dividend revenue streams more quickly than automatic drip investing. Most of my stocks now pay a smaller dividend than the cash in my portfolios. My iBonds and Tips pay very well too... But I do save the dividends to put into whatever stock hits my list first so I reinvest in what is the best bargain and less reinvesting in middle to the top of the range. Of course when the markets were down over 25% I had the dividends reinvested automatically... then sold some on their runs to the 200-day moving average. To me, that is a lot simpler to keep track of than what you do with options but your methods have worked great too. More From en.wikipedia.org How broadening top is formed In the broadening top formation five minor reversals are followed by a substantial decline. Five minor reversals a-b-c-d-e In the figure above, price of the share reverses five times, reversal point d is made at a lower point than reversal point b and reversal point c and e occur successively higher than reversal point a. One can't be sure of the trend unless price breaks down the lower of the two points (b & d) and keeps on falling. In the figure below, Broading Top is confirmed. Broadening Top confirmation