Re: EWJ Chart... opinions?
Several analyst have forecast that the market in Japan would improve this year and next. The Japanese market has actually done better so far.
AS far as the graph/chart...it is important to point out that any one can draw some lines on a chart and "prove" a point...it just depends what agenda he wants to prove. If you take your chart and redraw the lines along the high points and then a line along the low points you will create a channel that shows the stock is going higher this year.,,and then the chart looks a lot different and more positive than the one given.
Japan does a lot of trade with China. If you think China is going to continue to increase its national wealth and income then this will affect Japan business very favorably ...and will show up in your charts AFTER the fact...remember charts show history...so sometimes it is better to rely on an array of information to make investments for future growth and profits.
***PinewoodsBear***