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Again, emails arrived from all over the world in response to our latest "What do you see in this chart?" quiz. The goal of the series is to see patterns in charts, without knowing the asset, price or timeframe. Here again is the quiz chart.
Correct responses for this quiz: Everyone!
Talking about a trend change! In prior weekly contests, only one person has been correct. This week everyone was correct!
Great job all! (I guess I'd better go back to some assets turned upside down; this quiz must have been boring!)
Again, I appreciate emails from around the globe. Good to hear from some of the same people as in prior weeks and welcome to all the new people who sent in answers.
As you look at the chart of the dollar, yes that could be a triple top. But take note that both support lines (2) and (4) are parallel to each other.
Do we have another repeat on our hands of the dollar in 2009? If so, what will the ripple effects be? We can't have another stock rally like 2009 can we?
Thanks again, and till next week, best wishes,
Chris
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