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


To: Kirk © who wrote (15320)2/2/2023 4:52:31 PM
From: northam1 Recommendation

Recommended By
Kirk ©

  Respond to of 26406
 
Yesterday the SPX confirmed a new Quarterly Bull Cycle with a projected high of 4692.46, the high is due by 3/31/23

We could see a ATH by Jun/Jul.



To: Kirk © who wrote (15320)2/2/2023 5:54:18 PM
From: POKERSAM1 Recommendation

Recommended By
Kirk ©

  Read Replies (3) | Respond to of 26406
 
From: POKERSAM1/31/2023 10:56:13 AM
2 Recommendations Read Replies (1) of 1367
We could hit 4250-75 before rolling over. Confirmation is at 4100.


Nothing has really changed longer term. These bear market rallies can be brutal. They create a lot of bullish euphoria but will be resolved to the downside. As you can see on your chart this has happened several times in this bear market. Each time we hit a top the bulls get in a lather. same ol same ol.
I have enjoyed good profits being long in this rally, but I do recognize it is only temporary.
Regards,
POKERSAM