Nikkei 225's Index Chart 1

NIKKEI 225's Potential Bearish
Configuration - Is Worrisome

Nikkei 225's Potential Bearish Configuration - Is Worrisome by DanV on TradingView.com

1 August 2014

Updates and comments

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.

It is long but sure you will find value in the material.

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