The David Lin Report · Thursday, July 30, 2026
Milton Berg's firm has taken a 1% long position in the KOSPI, believing there's a higher than random probability that the market will bottom in the short term. He bases this on "cycle days" identified by technician Paul Montgomery, noting that the current week fits a pattern where markets worldwide are prone to bottoming.
“We actually took a 1% position in the KOSPI this morning because we believe that there's a higher probability than random that that this decline will end, at least for the short term, and the market will bottom.”
“And as I say, it's a cycle, Mike Montgomery cycle day. Now, Montgomery cycle day, I don't want to take too much time with you, but it generally every year there are two periods during the year where markets are prone to top or bottom. It's a reversal cycle.”
“But in the current instance, where the market peaked in June and renewed the cycle in July, we told our clients, it's highly likely they're going to get a spike low into the July cycle. Which is exactly what we're seeing. We're seeing spike low.”