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What would you do at (3) in the chart above? Other thoughts come to mind due to any of the other lines in play? I will post the answer to this quiz on Thursday.
If you have thoughts or opinions or would like the answer to this quiz, send me an email to [email protected] and I or my staff will get back to you as soon as we can.
Last weeks quiz (see quiz here) looks to have sent a message per portfolio construction….is this one too?
The swiss franc is not ” up against resistance.” It ‘s now pegged to the euro. Big difference! it’s actually *good* for gold because the swiss franc is no longer a safe haven.
Many of you have sent answers to the quiz to this comment section. In the quiz I ask if you would like the answer to the quiz or have thoughts or opinions on the chart to please email them to me. In fairness to all viewers, please send all answers to the quiz to me via email.
Once the quiz answer is posted tomorrow, comments per the quiz chart will be put on the blog.
Thanks,
Chris
is it gld? Hitting short term resistance. Time to go into stocks again?
Buy the breakout at 1 & 3… $2,500 Gold!
One of Gartman’s golden rules is that levels go to an extreme round number… 100 Yen/dollar, NASDQ 5000, Nikkei 40000, $50 Silver… and now $2000 Gold is resistance on its way to $2500-$3000
looks like AAPL up against long term resistance. Short opportunity? if a market leader falls, will the rest of the market fall too?