InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,341.99
(
-1.92%
)
US TECH 100
17,951.60
(
-2.36%
)
Dow Jones
39,585.03
(
-1.89%
)
Brent Oil
77.21
(
-3.45%
)
Bitcoin
63,384.84
(
-3.00%
)
Post# of 51825
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

techcharter

Send PM Follow Ignore
Followers 24
Posts 2281
Boards Moderated 0
Alias Born 06/03/2004

techcharter

Re: uncle_chubbie post# 17106

Sunday, 01/22/2006 8:20:01 PM

Sunday, January 22, 2006 8:20:01 PM

Post# of 51825
Nikkei = Hold

It's not conclusive if the bounce from last weeks selloff in the Nikkei has finished The bounce retraced 58%, which is not a fibonacci ratio. It is close to fibonacci ratios of 62% and 66%.

The bearish situation is a minimal drop from 15875 to the 13560 area by the end of the week, if the market is not shut down for several days.

Wait for the Nikkei to fall below 15100 before shorting the wave 3 downtrend
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up