.

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


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
.


The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Friday, 3 January 2014

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


Posted by at

2 comments:

  1. Airyk3 January 2014 at 15:57

    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!

    ReplyDelete
  2. David3 January 2014 at 21:43

    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.

    ReplyDelete

Subscribe to: Post Comments (Atom)