Weekly Quiz time….
What do you see? What would you do at (1)? Any guess to what it is?
The answer to the weekly quiz will be revealed tomorrow. If you would like to contribute thoughts or answers before we reveal the answer feel free to shoot me an email at [email protected]
I have been known to turn a chart “upside down!” A clue… I didn’t!!!
Sorry, what’s the answer?
Whatever it was had a very sudden and severe sell off in 2008. Broke long term support then recovered and is now at long term support. In addition longer term and intermediate support is at hand. I guess would buy once you were sure support was going to hold. From my rss feed you are talking about reits further up so I guess that is what it could be. Personally I would not be brave enough to buy.
Blin,
Great observation per the CRB! 280 has been key resistance for the majority of the past 30 years. I would want to follow a breakout if it took place.
Chris
Looks a lot like Nat. Gas.
I’m not sure that I would have the courage to buy it just yet. If the CRB Index breaks through 280, then I would be more confident.
Any thoughts on the CRB Chris?
Willian…
LOL! Not at you, just great comments. Love the sense of humor. I emailed you the answer.
Chris
judging by the slope of the decent, I’d say that looks like stocks and mutual funds I was holding in 2007 to 2008. What do I do at 1? I buy 4x my holding’s value, isn’t that the way this game is played? If it goes against me then I don’t sell and instead claim to be a long term investor and that daily moves don’t influence my buying habbits.
Good try, no…Shoot me an email Ralph.
Euro?