Nikkei - SHORT?

FX:JPN225   Nikkei 225 Index
67 7 2
Afer QE , this is not to be expected.
But the chart is clear: bull in weekly close above 18000, bear below.
Why are you fighting Mr Kuroda and Mr. Abe?
YaKa PRO vlad.adrian
Vlad, I am not fighting anyone.
Btw: there is question mark.
I did not sell, I would not buy...
High resistance here. Breakout 17800, a move below 17,000 could be proof what they are doing is not working on equities..
I was short the Nikkei two months ago, and I got stopped out after the QE expansion or whatever you call it was announced. At that point, I stopped thinking about shorting it. For the moment, it has enough fuel to go up. Question is, for how long?
YaKa PRO vlad.adrian
Ah, I now understand.
I am not shorting either.
As said there is a decent resistance here, worth a try in small size with stop 18000.
The other game plan is to wait failure below 17,000 with 400pts lag.
Or even better: short away from it: sp500, footsie etc.. are better candidate away from the fire... and if Nikkei falls: i would be very surprised the others would rally.
YaKa PRO vlad.adrian
The Equation: QE = Market Up, is true up to a point...
No one knows how it will end but we went from hyperinflation fears to deflation fears in 2 years after so much QE was injected. I am not sure. Velocity has to increase for it to work and so far it is not working.
Your analysis is damn good and very useful to me, thanks for sharing! )
Your welcome. Happy to help.
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