All the talk is Europe. Europe, Europe, Europe! But don’t forget about Japan, the third largest economy in the world.
Figure 1 is a weekly chart of the i-Shares MSCI Japan Index Fund (symbol: EWJ). The red and black dots are key pivot points, which represent the best areas of support (buying) and resistance (selling).
This is the bullish argument as put together by good friend TL. It is an excellent review of the bullish and bearish arguments facing investors today. Our analyst comes down on the side of the bulls as he finds monetary policy, valuations, and sentiment favorable. Thanks TL! 2010-07-20 – Q3 Forecast (1)