JimMakos
Short

Nikkei 225 Correction may be a Lurking Down Trend Resumption

FX:JPN225   Nikkei 225 index of Japanese listed shares
275 5 4
http://goo.gl/aRfCvl Why I believe Bloomberg, MarketWatch and others have it all wrong.

Nikkei 225             has not officially entered correction! Japan's index may simply be resuming its 20-year downtrend found at the monthly chart.

What do you think?
blackdog
2 years ago
Jimmara.....nice chart, you have it right
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JimMakos blackdog
2 years ago
Haha, thanks! We will see if I am right in a year or two from now, although it should not be a debate on who's right and who's not!
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timwest PRO
2 years ago
Great observation. It's great when you point out an important, long term resistance level. It's just one factor, of course, in making a trade decision, but a useful one for sure. Thanks for publishing it.
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JimMakos timwest
2 years ago
Exactly, long term support or resistance levels tend to be much more reliable compared to level found at shorter timeframes. That doesn't mean of course they cannot be broken, but people tend to oversee them and miss the big picture! Thank you for commenting.
Reply
JimMakos JimMakos
2 years ago
*tend not to oversee
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