Wednesday, January 18, 2006
Sectorz : Japan
In this previous post about sectors/ETFs/stocks dominated by momentum players, Japn was also mentioned. The Japanese market has suffered declines of close to 5 % in just two trading days. I think EWJ(ishares Japan) and JOF are great ways to make Japan plays.
EWJ close to its 50 DMA may make a great entry point for a long position. And JOF (Japan smaller capitalization) is making a symmetrical triangle but may break downwards after tonight's asia action.
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