18 December 2009

Nikkei 225 : Turning at the Neckline

  • Last 10040, where I have added to my shorts.
  • Basis of trade = SHS top on weekly. NL at 10120. Broke down in early Nov09, made a low of 9076 and now pulled back all the way to the NL now.
  • Daily : UpTL broken. Reversal candle in motion today.
  • Of late, this has been a USD/JPY trade ie USD/JPY up = Nikkei up. (But USD/JPY chart is still confusing me).

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