This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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.
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!
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.