Dec

20

Using monthly prices from 12/31/05, when Nikkei was 16111 and S&P 1248                        

changes in overs and unders of Nikkei versus S&P index                      

date    Nikkei price            S&P price                                        

01/08   13592             <     1378                                          

02/08   13603             >     1330                                          

03/08   12562             <     1323                                           

05/08   14338             >     1400                                            

09/08   11259             <     1166                                            

02/09    7568             >      735                                           

10/09   10034             <     1036

Seven reversals with many chances for profits (in retrospect). This should be generalized.


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