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Non-Tech : Kirk's Market Thoughts
COHR 191.72+0.2%Dec 26 9:30 AM EST
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To: Rarebird who wrote (7137)5/13/2019 2:54:46 PM
From: Kirk ©1 Recommendation

Recommended By
rdkflorida2

   of 26868
 
I agree 100%

I think TA is very useful for finding resistance and support but I've never seen anyone call tops accurately over several market cycles using TA.

Since the markets have always gone on to recover and make new record highs, bottom callers can just keep calling them and eventually be right. Bob Brinker, who used to have a national radio show and was one of the top rated market timers by Dilber.... er Hilbert, called bottoms after bottoms during the housing crash bear market all the way down from 1500s to 800s but missed the 700s and 600s... but it didn't stop him as he eventually called a pullback to 1100 on the way back up and used that to advertise.

Dr. Ed Yardeni had a pretty good system for setting asset allocation based on some valuation fundamentals that looks like it could beat buying and holding the market, but he stopped publishing the model years ago... probably because you have to pay to get it.
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