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Strategies & Market Trends : John Pitera's Market Laboratory
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To: bearshark who wrote (1497)5/11/2000 5:38:00 AM
From: bearshark  Read Replies (2) of 33421
 
Chip. GZ, John:

Thanks for the notes. Here is a chart I liked in early 1998. I remember looking at it when the inverse head appeared to be in place. It nearly did exactly what it should have done and is now moving back down to perfect its formation. A quick and rough look at it would indicate that within 2 years Japan will have an incredible base upon which to build a rally.

In the U. S., if you take the period from about 1968 through about 1982, you will see a similar formation. The U. S. went from roughly 1,000 (INDU) to 12,000 (INDU). Does that mean a rally in Japan to 190,000 in 2009 or there abouts? Below is the Nikkei chart from Yahoo at the maximum setting just in case the link is defective.

quote.yahoo.com^N225&d=my
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