Insurance is a long term business based on statistical events....

Insurance is a long term business based on statistical events. No chart can predict random events. I do agree that buying the dips is usually a good plan based on the psychology of buyers. I even do it myself in a less rigerous way. I would also agree that it is easy to look back and see when it was good to buy. Producing a pretty chart makes it look VERY compelling - but most of those nice grenn points are ABOVE Friday's close.

Short term traders can make a profit by closely following the short term charts but needing to spend a lot of time on it - but I am a long termer (it helpd pay my DIY pension) who did not hold QBE until it collapsed a year or two ago when I bought in at an average of $12.78. I do know that in the long run statistics will rule and a well managed insurance company will pay good dividends as well as recover its share price.

Right now QBE is a buy!!