Two more great wedge trading opportunities

John C Burford looks at two trading markets where spotting wedge patterns in the charts could yield tasty profits.

One of today's most hyped stockmarkets is surely the Japanese Nikkei 225. This index comprises 225 of the highest-rated Japanese companies and achieved notoriety in the 1980s when its value soared in a near-exponential bubble to reach the all-time peak of 40,000 in 1990, at the same time as the Dotcom bubble in the US indexes.

That, too, reflected the over-hyped stories that circulated at the time.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.