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

To: #Breeze who wrote (15036)	12/29/2022 10:56:19 AM
From: Kirk ©	Respond to of 26766

Wow, thanks for the great eWave chart for HPE! Long-time followers here know I'm not a big fan of eWave because it seems few can agree on the counts... but from what I've observed for some time, your charts seem to do the best of any I've seen. What is really cool is quite often they align with resistance and support lines on my charts giving the same "answers" with completely different methods. That gives us extra headwind for making buy and sell decisions. Your chart shows a potential very good breakout over 50% after maybe a 20% decline... perhaps testing the lower line on this historical chart on the pullback. That tells me that if I want to swing for the fences, then don't get cute trying to get the 20%, especially in a taxable account where Uncle Sam can take a large share of any extra profits. Thanks again and welcome to our group!

To: #Breeze who wrote (15036)	12/31/2022 9:32:47 AM
From: Kirk ©	1 Recommendation Recommended By Return to Sender Read Replies (1) \| Respond to of 26766

This chart shows the iH&S for the $SOX is still valid and tested perfectly from above. It is interesting that the iH&S target near 3500 could be hit and there would still be a debate if the SOX is out of its bear market as the top is still much higher. Back in 2001 I significantly beat the S&P 500 playing some of the counter trend rallies for some of the SOX stocks but 2002 took some of it back. I wonder if we'll see a similar pattern in 2022-2024... Some eWavers say yes, we're going much lower and some say no, we're going to new all time highs... .