KNOW WHAT OTHERS DON'T
Welcome to my Market Directions ramblings.
I mainly focus on Major Forex pairs.
The idea is to grasp Intermediate to Longer term market moves.
I use different aspects of Technical Analysis and I take into consideration economic news data, but just in conjunction with my technical analysis.
Comments and criticism are welcome as long as they are constructive and will help both readers and me to improve our understanding of markets moves.
Thursday, February 23, 2006
For ID: (EW excitement on Nikkei) Top is in?
For entertainment purposes -- this is also one Index that has baffled Bobby Prechter and gang. Perhaps I should call the TOP and charge a million?
Want to split the proceeds, hehehehe? :)
See monthly, weekly and daily -- all my own work!
Top in possibly but still intriguing is the fact that if she is retracing the entire drop from the 1989 top, she has not yet made it to Fib 38.2% -- I recall reading in one of Prechter's works that after a 5-wave decline, a normal retracement is either minimally or typically 38.2% -- don't know if this would apply to an ABC drop, though. Your take?
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