The Correct Graph for the Correct Question - Nikkei vs. NDX
TICKLES!!! GET YOUR ACT TOGETHER!!!!
OOPS! Forget about the last article. The "Real" question Minyans have been asking is about the comparison between the Nikkei 225 and the Nasdaq 100. Now, from my understanding the question was, "Is the NDX still tracking the Nikkei?"
The question I will pose is, "When has it been?"
By looking at the April peak, May troth, July peak, August troth and September peak; I guess you could say it was and now isn't.
The NDX has broken above resistance of the aforementioned peaks. However, the technical patterns - during this period of time - is completely different. The Nikkei was forming a descending triangle (Bearish Base) and the NDX formed a Bullish base.
I hope I not only answered the "Real" question, but understood it as well.
Excuse the confusion.
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