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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bearshark who wrote (11740)	4/21/1999 9:48:00 PM
From: bearshark	Read Replies (1) \| Respond to of 99985

All time high in NIKKEI in 2008? The following chart appears to show the start of a complex inverted head and shoulders in the NIKKEI in October 1997. The inverted head bottomed at about 13000 and has moved up to the possible neckline of 17000 to begin the complex set of right shoulders as this chart shows. quote.yahoo.com^N225&d=2y If an inverted complex head and shoulder does form, then we may see a move up to about 21000 in January 2001. Now if that smaller inverted head and shoulders does move to 21000 and stops, then it may begin to form the right shoulder of a larger complex inverted head and shoulders that began in March 1992 as shown in the next chart. quote.yahoo.com^N225&d=my So if we have the same duration of dilly-dallying for the inverted complex right shoulder on the bigger inverted head and shoulder, we should be in potential break-out territory by June 2006. If it takes a little over 2 years from the breakout to test the all-time high in the NIKKEI, then we will have a new all-time high in September 2008. I thought this was an interesting chart, even without volume numbers, but it is simply an amusing exercise. However, if we are still here in 2008, we can scratch our heads and have a good laugh about it. I tried to calculate the dates fairly closely