649bruno
Short

NKE: Uptend Coming One Foot At A Time? Part 2

NYSE:NKE   NIKE INC
20 0 4
The weekly chart for-NKE shows you the top of the Ichimoku Cloud at approximately $60.
This is the same as the top of the down-trend channel on the daily chart (previously published).


I never trade anything (long) that is in the "Kumo" (cloud).
I never trade anything (long) that is below the "Kumo" (cloud).
Why?
If the price is in (or below) the cloud, trend is much easier to change direction.
So, my suggested entry point is $60.40 or higher.

Good luck to you. Don.
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