I've been covering the Nikkei for a while, it had formed an
inverse H&S in the fall and that worked out nicely. Also
here's the monthly Nikkei chart shows you the big trend. As I
stated before, the Nikkei has been in a secular bear market since
1990, 20 years. I think it will emerge from its secular bear
market well before the US market which is only 10 years into its
secular bear market.
however UJPIX is must better than EWJ, I've traded that in the
past and did well with it and liked the way that it moved.
EWJ breaking of long term
Posted by admagazu on 13th of Dec 2010 at 12:19 pm
EWJ breaking of long term base.. new 52 week high I believe
I've been covering the Nikkei
Posted by matt on 13th of Dec 2010 at 12:26 pm
I've been covering the Nikkei for a while, it had formed an inverse H&S in the fall and that worked out nicely. Also here's the monthly Nikkei chart shows you the big trend. As I stated before, the Nikkei has been in a secular bear market since 1990, 20 years. I think it will emerge from its secular bear market well before the US market which is only 10 years into its secular bear market.
however UJPIX is must better than EWJ, I've traded that in the past and did well with it and liked the way that it moved.
cool thank Matt!
Posted by admagazu on 13th of Dec 2010 at 12:38 pm
cool thank Matt!