I don't get his second uptrend line at all -- it sure doesn't
conform to any of the rules of TA that I've ever learned -- he just
arbitrarily skips higher lows and basically draws the line to where
he wants to draw it. I"m not saying we might not be topping -- we
may well be -- but his uptrend line -- unlike the one he drew
leading to the 2007 highs -- isn't a "proper" line. I have no
quibble with his channel but there just isn't an intersecting
uptrend line as far as I'm concerned.
Posted by sbaxman111 on 24th of Jun 2016 at 04:03 pm
I have no insights on how Kimble draws his charts. But his
track record is pretty good if you belong to his premium
site. Kimble's advice costs $380 a month or $3,648 a year. The
stuff I pass on comes to me for free so I can't argue with the
price.
I thank you for posting it -- I've thought some of his stuff was
very interesting. I just think he basically he curve-fitted that
line to fit his thesis. Doesn't mean in general his stuff isn't
useful.
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I don't get his second
Kimble -current resistance
Posted by puma on 24th of Jun 2016 at 02:51 pm
I don't get his second uptrend line at all -- it sure doesn't conform to any of the rules of TA that I've ever learned -- he just arbitrarily skips higher lows and basically draws the line to where he wants to draw it. I"m not saying we might not be topping -- we may well be -- but his uptrend line -- unlike the one he drew leading to the 2007 highs -- isn't a "proper" line. I have no quibble with his channel but there just isn't an intersecting uptrend line as far as I'm concerned.
ha yeah would tend to
Posted by matt on 24th of Jun 2016 at 03:01 pm
ha yeah would tend to agree that it's way too liberally drawn
you know one analyst who's really bad at this is McHugh, not sure if you've ever seen any of his trendlines or patterns but same thing or worse even
I have no insights on
Posted by sbaxman111 on 24th of Jun 2016 at 04:03 pm
I have no insights on how Kimble draws his charts. But his track record is pretty good if you belong to his premium site. Kimble's advice costs $380 a month or $3,648 a year. The stuff I pass on comes to me for free so I can't argue with the price.
I thank you for posting
Posted by puma on 24th of Jun 2016 at 04:22 pm
I thank you for posting it -- I've thought some of his stuff was very interesting. I just think he basically he curve-fitted that line to fit his thesis. Doesn't mean in general his stuff isn't useful.