Should markets around the world really care about what the Nikkei 225 Index does? The Power of the Pattern suggests "yes"! Here's why.
Read More »Japan’s Nikkei Index Levels: Past, Present & Likely Future
The Tokyo Nikkei Average rose +82% in just six months in a parabolic move that was doomed from the start. They almost always are. When a parabolic move breaks, as it did in May, the speed of the decline can be catastrophic and has fallen 22% to date. The downside expectation is for prices to return to the level of the basing pattern that preceded it. In this case between 8300 to 9100. That is not a prediction, just the level we at which we might expect to start looking for a tradable bottom.
Read More »The Most Important Questions (and Answers) Regarding What the Futures Hold for 2013
Since 2012 is rapidly coming to a close, I’m fielding questions about what the future holds for 2013. My hope? That my answers will be both informative and instructive, and ultimately profitable, of course. Words: 1588; Charts: 2
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