The Beach Boys created one of the most enjoyable rock songs in 1964, inspired, as legend has it, by Shirley Johnson, whose father owned a radio station, and who borrowed the family car to go to the library but wound up at the hamburger shop.
“Fun Fun Fun till your daddy takes the t bird away”
Which brings me to Six Flags. The ticker is FUN, but the chart is not.
I have a soft spot for the company. My grandparents met at Cedar Point, which means without amusement parks I might not exist. Depending on how you feel about my thoughts, Six Flags deserves either your gratitude or your blame.
I showed a simple trendline strategy on FUN before, and despite what I want to happen, the trendlines have helped you stay on the right side of the market.
A trendline isn't a prediction of the future. It's an indication of demand right now.
And it does something else people overlook: it helps you manage time.
You don’t have to wake up every morning and invent a new opinion about Six Flags. If nothing has changed, there may be nothing to do.
A strategy that doesn’t require you to participate every day leaves you more time for the things that actually matter.
From time to time, I share charts like this to help tell us when we need to pay attention.
I enjoy sharing anything that gives me another way of looking at markets.
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What are your thoughts?
Love to hear.
Eric
