Mystery Chart: What Do We Do?
June 25, 2013
We tried this mystery chart thing earlier this month and I received a ton of feedback from the study. In the last go around, we had a nice bottoming pattern, and pretty much unanimously everyone said to buy this breakout with a stop below the breakout level. The best part about the responses I got was the amount of risk management that was included in the process. It's nice to be able to say that I've got some smart disciplined readers.
As it turned out, that mystery chart from earlier in the month was actually a pair - Long Europe via $FEZ and short China via $FXI. And readers were spot on, that one is up over 7% since the time of the post. Nice job guys.
So what do we think about this one?
