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


To: George Statham who wrote (16321)7/17/2023 9:32:28 AM
From: Kirk ©2 Recommendations

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George Statham
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Thanks for the BPSEMI chart.

With your chart showing how overbought it is and RTS showing some good charts indicating a pause or pullback is likely, I'd not be surprised if $SOX breaks that support line, forms a H&S top and that takes it down to the centerline in this chart or perhaps on of the 50- or 200-day MAs. Just eyeballing, I think that would be around the support level of my dashed-green channel.




To: George Statham who wrote (16321)7/21/2023 10:27:06 AM
From: Kirk ©2 Recommendations

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Interesting how the SOX went a bit higher on my upper trendline then corrected to fill the open gap around 3660.

I think that would also take it to the support line on your weekly posted chart when he updates it. I'm interested to see how much, if any it reduced the overbought levels below 70. It is nice to have your weekly record of those charts here so we can look back in time. Thanks again for posting the chart each week in a way we get a permanent (as long as SI is up) record here.

.



To: George Statham who wrote (16321)7/21/2023 10:30:34 AM
From: Kirk ©  Read Replies (2) | Respond to of 26512
 
It looks like a year and a half of data... thanks again!



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Kirk's Market ThoughtsBPSEMI [graphic] technicalwatch.com George Statham
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To: George Statham who wrote (16321)7/23/2023 8:44:17 PM
From: George Statham3 Recommendations

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berniel
Kirk ©
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