Congratulations to long-time iBankCoin reader “Juice” for correctly guessing the mystery chart in my latest Name That Chart post.
The correct answer is that the mystery chart was the monthly timeframe for CP, the large Canadian rail.
Here is what Juice had to say:
CP – Canadian Pacific Railway instead of Canadian National Railway…but tough call on Q4 direction…I’d say lower
What do you think about CP? I still see a very steep but impressive angle of ascent on this timeframe.
The rails have been incredibly strong for quite some time. Can it last too much longer?
Thank you to everyone who played.
I will be back later with ideas for Monday.
But I already gave tight analysis in my latest Weekly Strategy Session published, earlier today. Check it out!
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A dow theory non-confirmation would be welcome from the transports. I hope JUICE is right.