02-24-2006, 12:55 PM
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Administrator
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Join Date: Sep 2005
Posts: 20,077
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Quote:
Invented before World War II by a Tokyo newspaperwriter who called himself “Ichimoku Sanjin ” (a pen name meaning “a glance of a mountain man”), ichimoku charts are becoming a popular tool once more,not only in equities but also in currencies, bonds, indices, commodities, and options. Literally, ichimoku means “one look”; a chart of this style is referred to as ichimoku kinkou-hyou — the table of equilibrium prices at a glance.
Ichimoku’s guidebook on the charts finally appeared in 1968, long after the newspaper writer, whose real name was Goichi Hosoda,developed the technique. For years,Hosoda hired students to do numerous calculations (or simulations) to come up with the optimum formulas,long before personal computers or even pocket calculators were the norm. He died in 1983.
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