Chart of the Day…What would you do with this opportunity?

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This asset has rallied 41% in the past 24 weeks, one of its strongest 24 week rallies in a few decades.

The rally has taken it up to a potential cluster of resistance and a falling resistance line that has been in play for the past 7-years

What would you do with this opportunity?

I will share the answer to the quiz next week.

If you would like to share your thoughts or want us to send you the answer to the quiz sooner, email us at [email protected]

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7 Comments

irene on 07/19/2015 at 6:29 AM

I would likely sell and wait for resistance to be taken out?
I am interested in the answer.
R Sloan on 07/17/2015 at 10:18 PM

$TNX. Rally back to resistance— sell with stop above resistance
Dan W. on 07/17/2015 at 4:48 PM

I’d short it on confirmed momentum to downside.
Alex Walker on 07/17/2015 at 1:44 PM

It should go up to meet the early 2014 high, then double-top there and go down. Price point is about the same as the 2003 low.
j on 07/17/2015 at 10:41 AM

The pattern should go up or hit resistance drop and retry to go thru resistance. Thanks Jim.
Chad on 07/17/2015 at 10:31 AM

Buy Bonds with tight stop.
scott sorrell on 07/17/2015 at 10:04 AM

Is it the transports average?

thanks,
scott