Long term downtrend line going back years was not taken out to the upside. Not visible on this chart.
http://stockcharts.com/c-sc/sc?s=$NIKK&p=D&yr=3&mn=0&dy=0&i=t00695346333&r=8788.png
Nikkei never closed Feb break-away gap
Started by
Russ
, May 10 2007 05:36 PM
2 replies to this topic
#1
Russ
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- Traders-Talk User
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Posted 10 May 2007 - 05:36 PM
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#3
Russ
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- Traders-Talk User
- 7,199 posts
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Posted 10 May 2007 - 10:26 PM
That's one way to draw it, the other is to take the line from the right shoulder in 1991 the recent high failed to get through that line.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
