Thursday, 29 August 2013
A Long-Term View of the Japanese ETF
Posted on 04:30 by Unknown
The are two points I wanted to make about this chart:
1.) We see the Abenomics rally that started in 4Q12 and extended to 2Q13. Prices rallied about 44%.
2.) Since the rally prices have been consolidating in a symmetrical triangle pattern. This is to be expected after such a strong move as traders take profits and assess the effectiveness of the new programs.
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