20 replies to this topic

[Trend-Signals]

Commented on the correlation on US markets and $NIKK, as well as $NIKK breakout in 2005. I extensively commented on the subject with overlay charts. You may have read my comments if you have read other financial boards. What you have mentioned is elementary fact since we can clearly see it on charts. Calling the breakout in 2005 was not.

Now, the reason that I noted $NIKK last night was the performance of YEN and just to see Asian market behavior.

You will notice my market comments in the past that I do not focus on $NIKK, if you have followed my market calls.

Those who are familiar with my market calls know this.

There is not much correlation between Japan and US. Japan topped in 1990 and is down over 50% since that time. We are up huge since 1990. It effects the globex session and that's about it. But it makes an interesting conversation over good wine.

Denleo

Edited by Trend-Signals, 17 August 2007 - 03:33 PM.