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


To: #Breeze who wrote (23087)2/11/2025 10:43:49 AM
From: Kirk ©1 Recommendation

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  Read Replies (2) | Respond to of 26410
 
It looks like COHR has filled the $90 gap.
Message #23087 from #Breeze at 2/6/2025 11:37:47 AM

Kirk, here's a COHR Wave Count Update. Minute Wave (circle) v of Minor Wave 3 is in play with a target of 127.97. Breeze

If I understand correctly, as long as the price stays above your circle iv around 75, then the count is still valid, correct? Thus, a test of that low would be a good time to add or buy back shares I sold the other day over $101. I'm not sure I want to be that aggressive here but if one believes there will be a market turn tomorrow (WWW) or the day before on a turnaround Tuesday, then it could be a good move.




To: #Breeze who wrote (23087)3/3/2025 6:46:36 PM
From: Kirk ©4 Recommendations

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robert b furman
sixty2nds
techtrader73

  Read Replies (2) | Respond to of 26410
 
Let this serve as a warning to some that betting too much on eWave puts you at huge risk because when it fails, it fails badly and often quickly much like losing other support lines I've used to buy stocks...

In a bull market, people put in buy orders at these support levels... it works until it doesn't which comes when sentiment stinks.
Message #23087 from #Breeze at 2/6/2025 11:37:47 AM

Kirk, here's a COHR Wave Count Update. Minute Wave (circle) v of Minor Wave 3 is in play with a target of 127.97. Breeze

COHR closed at $100 on that graph and today it is 32% lower less than a month later... I think Many/most of the high momentum stocks of 2024 faced a similar fate.

COHR gained 118% for me last year. Only an idiot, awful trader (or very, very bad gambler) wouldn't think it was at risk of similar downside volatility. I put most retail investors in the "idiot" class as it was amazing how many were trying to get me to buy into telling them to buy these stocks near their tops.

One either needs to have the stomach to buy lower or very tight stops below the obvious support points. If there is any positive from this decline, these lower lows are coming on lower volume.