Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

Henry Ford

Intelligent, polite feedback welcome !
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Friday, 3 January 2014

I really dont see this breaking out like Kimble suggests....


2 comments:

  1. I'm with you on this one. I generally like his stuff, but here he's ignoring the '73-'74 bear market "E" wave and the years of basing afterward before breaking out- we're nowhere near a point to make a reasonable comparison between the periods.

    Cheers!

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  2. To be fair, Kimble seems to be suggesting that a break down is also possible. I think this is implied by his providing of the Q and PE ratios relative to the price position against trend lines. And Airyk, I am with you. It is remarkable how similar the price pattern is right now compared to the run up of the 73 bear.

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