DanV
Short

Nikkei 225's Potential Bearish Configuration - Is Worrisome

CME:NY1!   NIKKEI 225 FUTURES
This chart and my conclusion based on my analysis might be very perplexing to many Fundamental Analysts and to Japan's Prime Minster Abe             as net results of his 3 prong attack fails to produce desired results.

Many, bullish fund managers will be mystified as was the case in 1992 when the initial decline of all time high was only seen as just a setback and a buying opportunity.

I say it is worrisome as Nikkei Index has close correlation both positive and negative to many financial markets including many developed Equity Markets of Western World.

Whilst at present it seems now that nothing can go wrong from rising equities worldwide, Nikkei Index does not seem to support the view.

Watch the Youtube video entitled " Where To From Here - for the financial markets?" that goes into extensive explanation of my reasoning and discover wider implication. Video link : http://youtu.be/XFtnRCo9Ww0

It is long but sure you will find value in the material.
DanV MOD
2 years ago
Previous video of major market call from Sept 2012 is available at https://www.youtube.com/watch?v=Ig31AUsKjq8
+2 Reply
2use DanV
2 years ago
wow a 90 min video...impressive!
-1 Reply
Futuraman PRO
2 years ago
Thank you Dan. The video is an eye-opener.
+2 Reply
DanV MOD Futuraman
2 years ago
You are welcomed and it is my pleasure.
+1 Reply
DanV MOD Futuraman
2 years ago
Thank you for your comments. Appreciate it.
-1 Reply
2use
2 years ago
Maybe something like this confirms this even more
Nikkei setting up to go down again
Reply
DanV MOD 2use
2 years ago
Yes, quite likey. Might not be perfect but still resemble bearish H&S Agrred.
Reply
2use DanV
2 years ago
The HS is loose, but there's a bearish flag there
Reply
DanV MOD 2use
2 years ago
I agree. overall last Friday's event appear to have changed the game, but not sure if this will be sustainable. For now will stick to the anticipated top, but will be ready to review if necessary. Thanks for your comments.
Reply
millie PRO
2 years ago
Do the BOJ "surprise" and the Nikkei piercing the trendline change your perspective?
Reply
IvanLabrie TOP millie
2 years ago
An update would be nice here.
Reply
DanV MOD IvanLabrie
2 years ago
Will do soon. Thanks
Reply
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