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[amibroker] Re: zig zag question



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Yuki,
thank you for the interesting [as usual] reply.
Dimitris
--- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> Hi DIMITRIS,
> 
> Monday, November 8, 2004, 6:13:37 PM, you wrote:
> 
> DT> BTW, the Nikkei Nov8 was a big SELL all day long ?
> 
> Yes, up open, no follow through, soft but steady fall all day.
> Personally, I think today's action was rather meaningless.  Volume
> dropped *considerably* today, and there are some "excuses" for
> shaking the tree here: soft dollar, US markets on a roll that may be
> a bit near term overbought and may not have staying power this week
> until FOMC is out of the way. So, a bit more softness I think, but I
> am looking to go long in that case. Today was simply a case of
> institutions refusing to participate. They just took the day off, in
> almost every sector. But it was hardly what one would call
> distribution.  There was also strong net buying by foreigners prior
> to the open, and new highs outpaced new lows, despite a bad A/D line
> today. I suspect a run is in the making, and I suspect this is a
> pullback/shakeout. We shall see.  A lower US tonight could have us
> opening down tomorrow, and I'd like to buy into that scenario.  I
> expect a US rally after the FOMC, but it could be rocky up until
> Wednesday mid afternoon.
>  
> Yuki





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