Earlier in the week I posted the chart below, asking what would investors do at (1) in this set of charts. Thanks for all of the responses from around the world. This was the first time I for a “dual quiz.” Around 25% were on track per what the chart on the left was…Most thought the one on the right was the same chart, different time frame.
CLICK ON CHART TO ENLARGE
See below is an update per the quiz…I did reverse the order of the charts!
CLICK ON CHART TO ENLARGE
These support breaks are not typically good for investors that are long the mining stocks!!! Much of this most likely has to do with the chart below from earlier this week or this post per the troubling signal the Euro was sending a week ago (see post here)
CLICK ON CHART TO ENLARGE
Game Plan….Historically a Euro breakdown and a Dollar breakout, has not been good for metals/metals stocks, Commodities or Emerging market stocks!!!
I was not joking per the impact of a Dollar breakout (see Dollar Joke post).
