This Week's Mystery Chart Revealed
July 26, 2013
Earlier in the week I posted another anonymous chart asking readers what they would do. I love not knowing what I'm looking at. It helps so much with objectivity.
As usual I received a ton of feedback: comments, emails, tweets. You guys are great. This time around it was pretty much 50/50, some loved it and said buy with a stop below, and others said fade the strength and stick with the trend.
This week's mystery chart was actually the S&P500 flipped upside down. Here's the real chart:
One of my favorite exercises is to flip charts to get a different perspective. Especially when I'm not really sure what to do in a given situation. I ask myself, if this were the opposite, would I make the same decision?
I appreciate all the comments guys