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Non-Tech : Kirk's Market Thoughts
COHR 191.44-1.3%Jan 7 3:59 PM EST
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To: nicewatch who wrote (15403)2/20/2023 2:16:43 AM
From: Kirk ©   of 26963
 
Yes, the anchor at 2009 should be at the 2002 low but that leaves most of the last two decades below the lower tine. I use it more to draw nice parallel trend lines. I think the predictive utility of these lose value with more time, but they make nice charts to see the trends.

I've said before, most of these are really just making figures out of clouds... not predictive but can be good marketing tools for soothsayers who make money from the gullible. What is useful to me is knowing where many are expecting something to happen to try and front run it with investments I like. I may do more talking and looking than doing compared to more reliable resistance and support targets.
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