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Hello Jiro & the Unofficial Metastock Usergroup Tokyo,
Thanks very much for the latest Ichimoku-info's on the List,
great stuff & hope you will keep the List informed on future
developments, accompanied with the tremendous explanations.
Just one question about the Ichimoku-top-band, the "price" resistance-line
does not seem to keep up with the tops; in time the "price" has broken
the top-band several times, whereas the bottom-band provides constant
support. Should we regard them as moving averages(see them as the
"to be expected" support/resistance levels(average)) or can/must we
interpret them as the "ultimate targets"?
As precedent: a 'support' broken-down Nikkei225.
(note: cause of the abcense of data prior to 1985; the 12000 and lower
levels were unable to be researched thoroughly. If the 12000 was tested,
by the price for a minimum continues period of at least 12 months, then it
will be 'tomorrows' target, if not ok-passed, 9000 should provide support,
beiing former major-resistance-level in the early 80's, before
the bubble boom).
Regards, Ton.
-----Oorspronkelijk bericht-----
Van: Jiro Kato <paruparo@xxxxxxxxxxxxxxxxx>
Aan: MetaStock ML <metastock-list@xxxxxxxxxxxxx>
Datum: zaterdag 17 januari 1998 5:28
Onderwerp: DJI30 by "ichimoku"
>Hi,
>If you have a time, please have a look at the "ichimoku" diagram of
>DJI30 I made by MetaStock using the custom indicator I mentioned.
>http://www.geocities.co.jp/WallStreet/3026/index.htm
>It is beautiful that the price stopped and went up at the support line of
>the future span.
>
>Regards,
>Jiro Kato(paruparo@xxxxxxxxxxxxxxxxx)
>
>
Attachment Converted: "c:\eudora\attach\nikkei-daily.gif"
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