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techcharter

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techcharter

Re: None

Monday, 03/05/2012 9:28:45 PM

Monday, March 05, 2012 9:28:45 PM

Post# of 51788
Nikkei Major Divergence

The Relative Strength Index has been the most overbought during this recent rally compared to every rally over the past 3 years despite being 15% away from the 3 yr high. Stochastics are also overbought. MACD is turning lower.

E-wave count: all I'm confident in is the rally off Novermber 2011 lows is a 3 segment correction. wave b looks like a triangle. wave c looks complete. So the next move over the next month should be down.


http://stockcharts.com/h-sc/ui?s=$NIKK&p=D&yr=3&mn=0&dy=0&id=p29315938931
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