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

To: robert b furman who wrote (15008)	12/27/2022 12:27:29 PM
From: Sun Tzu	1 Recommendation Recommended By robert b furman Respond to of 27117

I think TSM reports on the 6th. If so, when they report, they will set the stage for SOX. BTW, yes 3x funds should not be held for extended periods. Specifically, they are very sensitive to your entry point and counter moves. So you need to manage those carefully. But 2x funds are more forgiving and could be held for weeks or even months, provided you get the trend right and there is at least a moderate trend to help you.

To: robert b furman who wrote (15008)	12/27/2022 1:37:08 PM
From: Return to Sender	1 Recommendation Recommended By Kirk © Respond to of 27117

I don't think we get a big bounce in the SOX and related stocks until we are well into January in my opinion Bob. I believe we will see the RSI on the SOX reach down towards 30 again. In addition those stochastics are well above the level seen in October. My point is oversold bounces in a bear market need to be really oversold and supported by actual earnings reports. When do we get those earning reports? Not until well into January. If you have Firefox for your browser this chart SMH will update: JMHO, RtS

To: robert b furman who wrote (15008)	12/27/2022 2:50:16 PM
From: Kirk ©	Read Replies (1) \| Respond to of 27117

Good luck. I'm not much of a fan of paying a fund a tiny fee to buy mutual funds for me in an ETF... and I'm much less of a fan of leveraged ETFs that usually have higher fees and time penalties. Have you ever seen Warren Buffett recommend a leveraged fund? The only people I see recommend these are usually those who don't post a performance record but might try to charge fees or collect from "market timing" advice... buyer beware! PS Let me know how it works out for you. I hope for success as that would mean I get to take profits again... but if you have failure, I'll get to buy back some of the shares I already took profits in but they did not fall enough to buy back, so far.