Has hit the .618 retrace back to the Oct. 98 low and the weekly RSI seems to trying to break out........... the count "could" be saying it's bottomed....but like OEX....still may want another low. One to watch..below 45 could be more trouble...
http://stockcharts.c...6764&r=6566.png
A key stock
Started by
eminimee
, Jan 14 2008 06:41 AM
3 replies to this topic
#1
eminimee
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I don't care who's fur is flying...
Posted 14 January 2008 - 06:41 AM
#2
relax
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Posted 14 January 2008 - 07:32 AM
Hi tea
think USD/JPY is important too, just as you have pointed at NIKK
USD/JPY just made a lower low compared to november, with positive divergences
you think it is a wave 5? - could seem like it
#3
eminimee
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I don't care who's fur is flying...
Posted 14 January 2008 - 07:59 AM
Could...or it's only finishing 3 of 5 of C
2006 low shown on monthly is 14000
http://stockcharts.com/c-sc/sc?s=$NIKK&p=D&yr=1&mn=10&dy=0&i=p88579881955&a=81888267&r=5774.png
http://stockcharts.com/c-sc/sc?s=$NIKK&p=M&st=1994-09-17&i=p14755062518&a=96160131&r=1835.png
2006 low shown on monthly is 14000
http://stockcharts.com/c-sc/sc?s=$NIKK&p=D&yr=1&mn=10&dy=0&i=p88579881955&a=81888267&r=5774.png
http://stockcharts.com/c-sc/sc?s=$NIKK&p=M&st=1994-09-17&i=p14755062518&a=96160131&r=1835.png
#4
peregrine
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Posted 14 January 2008 - 09:21 AM
think USD/JPY is important too,USD/JPY just made a lower low compared to november, with positive divergences
you think it is a wave 5? - could seem like it
Looking very much like a wave 5...especially on the yen relative to stocks chart.
http://stockcharts.com/c-sc/sc?s=$XJY...;i=0&r=3247
