The chart below was the quiz yesterday, which had a very interesting pattern and was in the news…BIG-TIME (Hint, Hint)
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Below is the answer to the quiz that hundreds of viewers received yesterday. I was focusing on the potential upside breakout yesterday and with the resistance line breaking earlier today, I thought I should get the answer out a day early.
CLICK ON CHART TO ENLARGE
Apple remains inside of a quality rising channel and so far has held well around the $360 support line. As I shared yesterday, I would follow the breakout and put the stop just below the recent breakout line. Wouldn’t bet the farm on the breakout, yet a 5-10% sized position with a tight stop is worth the shot.
Thanks for the massive response to the quiz. Most said they would follow the breakout and about a third of the responses picked up that it was Apple. Most common incorrect answer was the “Dollar chart turned upside down!” I don’t know why anyone would think I would turn a chart upside down, do you? 😉
For those in the northeast… I am thinking of you and praying for the best outcome possible.
Alpha….great comments about Steve. How lucky we are to live during his gifted time with us. Instead of reading about a great person, we got to live it. I felt the same way about my hero, mentor and friend, Sir John Templeton. Not many in the history of the world like Sir John and Steve.
Thanks for your viewership and comments,
Chris
Congratulations to the excellent work of Steve Jobs who is Leonardo da Vinci of modern times.
Sorry for the digression Chris, comes from my heart…