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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# posted by Kaiser Soze @ 2:18 AM
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