Kirk’s Market Thoughts for July 25, 2006
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Posted by Kirk Lindstrom Jul 25, 2006 |
July 25, 2006: Kirk's Market Thoughts
- I like this guy's chart here. I wish we could post charts here, but that is something taken away and promised to return but we wait and wait.
- My guess is the market is just now starting a huge rally that will have a correction later in the year or early next year that challenges the current resistance line, but from above rather than from below. This correction low would probably be much higher than where we are today which is what 99% don't expect.
- My goal is to hopefully get the opportunity to take profits, perhaps sell all the newsletter Explore Portfolio shares I've recently purchased in the current correction, when the market is making new highs well above the current resistance line, perhaps between $1350 and $1450 before it has a scary correction back to the current up-trending resistance line that would turn to support.
- What do you think? I'm interested in the guesses others have about what the markets might do in the next year. Remember, I don't advise trying to time the markets with anything more than the explore part of your " core and explore" portfolio.
- Please post your comments about this article and your ideas on where the market might go in the next year in our Kirk's Market Thoughts discussion forum.
DISCLAIMER: Answers & my words are general in nature, are not meant as specific investment advice, and do not necessarily represent the opinion of anyone but Kirk. Individuals should consult with their own advisors for specific investment advice.