Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Kirk © who wrote (19916)	8/17/2024 12:15:02 PM
From: Kirk ©	1 Recommendation Recommended By Return to Sender Respond to of 26490

Here is a 3-yr SPX chart with corrections. Note the March '22 rally exceeded the Feb '22 high before rolling over to eventually correct by 28%. After buying this dip, I plan to take some profits soon if it continues higher... hoping that optimism doesn't jinx this rally. .

To: Kirk © who wrote (19916)	8/17/2024 12:41:54 PM
From: #Breeze	3 Recommendations Recommended By CrashDavis Kirk © Return to Sender Read Replies (1) \| Respond to of 26490

It's possible that Primary Wave (circle) 4 is still in play and morphs into an expanded ABC or a WXY. Which means another pullback to test the Aug. 5th low. But an ATH would still be in the cards. However the rally off a V shape bottom has been a straight line and has recovered 78.6% of the recent decline into Aug 5. Look at the huge volume that bought the Aug 5th low.