JAPAN-Nikkei-Time to go back up? Message Board

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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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From: Julius Wong	7/27/2011 7:48:42 AM
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Nikkei 225 Index Poised to Rally 7% on ‘Golden Cross’: Technical Analysis By Kana Nishizawa and Satoshi Kawano - Jul 26, 2011 Japan’s Nikkei 225 (NKY) Stock Average is poised to advance at least 7 percent as it forms a so-called golden cross, according to Mitsubishi UFJ Morgan Stanley Securities Co. The Nikkei 225’s 25-day moving average is less than 22 points from crossing above the 200-day moving average, forming a“golden cross,” a bullish signal used by chart analysts. The Nikkei jumped 5.6 percent from the last such cross, on Dec. 9, through Feb. 21, when the gauge closed at its high this year of 10,857.53, less than a month before a magnitude-9 earthquake, tsunami and nuclear disaster caused the biggest two-day decline since 1987. bloomberg.com

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