XJO 0.28% 7,739.9 s&p/asx 200

XJO Weekend Charting and Chat - 10 November 2017, page-15

  1. 5,876 Posts.
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    Does anyone have access to good FA analysis of global indices? It is easy to make a lot of money if you get on a big trend that is based on solid FA, but it's strangely hard to find the FA. Look at Japan over the last few months. It ran extremely hard, and that is obviously based on strong motivation in the buyers. But what was that motivation? IIRC, it was the election and some kind of stimulus. But I haven't found confirmation of that. And it might be too late now, based on last week's shooting star, although some (knowledgeable? clueless?) punters on internet threads are suggesting 40,000 is possible. Anyway, here's the weekly chart - a trader's dream, but who knew the FA?:

    Japan weekly shooting star.PNG
 
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