Monday, November 10, 2008

Nikkei Forming A Bottom?



I just wanted to post this chart of the Nikkei which appears to be forming an inverse head and shoulders bottom. The pattern will be confirmed only if prices move above the neckline which is the red trendline you see in the above chart.

3 comments:

Anonymous said...

Is Dow and S&P forming an inverted head and shoulder too?

Kevin said...

Not really...Maybe after a couple of drinks it may look that way but right now I don't see an inverse head and shoulders pattern in the S&P or Dow.

Anonymous said...

hey kevin ... :) very nice answer you make me smile :)


Kevin have you seen S&P on monthly chart... long term one...this Double top projects target on downside around 500 do you agree with me?

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