Would you guys look at the monthly chart for UOPIX? Is that what's called an island top?
Want to learn.
h

not sure what you're seeing there but... try this definition:

"Island Tops - Stocks that gapped up at least 2.5 percent yesterday and gapped down at least 2.5 percent today."

per john murphy, stockcharts.com

-ja

jo,
Is that calculated from the close and open or the high and low.
Nov High 24.14
Close 23.81

Dec open 24.85 (gap of 4.4% from close)
low 24.31
close 25.2

jan open and high 24.64 (a gap of 2.2% from the close)

If it's from opens and closes then it about meet the definition even though it's a monthly chart and the month is not over.
h

I tho’t it was from the close but am not positive.

I was confused at 1st – but now I see that you’re looking at the monthly chart (I missed that tid-bit when I 1st read your post).

it does look like an island top doesn’t it? I’m not sure if the month being over matters or not.

-ja

re the ProFund UOPIX fund

I was taught: “when an instrument trades on multiple markets, the one with the highest volume is the one to chart and follow”.

Thus it is the QQQQ chart that is important and not the UOPIX one.

regards
Andy