Mystery Chart – Buy, Sell, or Do Nothing? 5-23-17

JC Parets
May 23, 2017

This is one of my favorite exercises. We want to recognize that we as human beings are terrible investors. It's not our fault, it's just how we're built. So to overcome that we first to be aware of it. This alone puts you in the 1% and gives you a huge advantage over others who are not aware. To further help ourselves, we need to avoid letting our other biases affect our judgement. This is almost impossible. 

So here is a chart without any labels. It's just the price and a momentum oscillator going back to last year. How do you see it? I think it breaks out higher:

 

mystery

 

I'll reveal what it is this week. But in the meantime think about the implications of what is happening here without knowing what we're looking at. I think you'll be surprised by what this chart represents.

 

Filed Under:
All