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With the beginning of this year, a beautiful inverted H&S
[per=3] was already formated.
The ^N225 values were about 8700, the near perspective of the
invH&S was ~9800 in 20 bars and the target price was
10800 in 40 bars.
3 days later, an equally beautiful bearish H&S was ready,
the near perspective was ~8300 and the target was 7300.
If the ^N225 H&S has a slight relation with reliable
signals, what would an aggressive trader do on Jan6 to Jan9, 2003
??
Of course, it is not the only syndrom to characterise ^N225 as
the most tricky index. All the "heavy load" N100 techniques
crash on Nikkei, there is no reason to go to H&S to find
it out.
[per=3 was the proper value for the recent
H&S...]
It is better to avoid confusing Yuki s great talent and
experience with Nikkei T/A signals.
Dimitris Tsokakis
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