Every now and then I throw out a mystery chart just to get us thinking. Not knowing what a chart represents helps eliminate biases and any ideas we may already have in our heads. Today we are looking at what I think is one of the more interesting developments in the market today.
This is a chart that has been in an uptrend for many years. After about 4 years of consolidation, prices appear to be breaking out above the upper of these two converging trendlines. [Read more…]