06 October 2009

Nikkei 225 : Topped; to Test Old DBT NL at 9325?

  • Did not sell the break of 10170 as I was on holiday. Looks potentially a costly opportunity missed.
  • Weekly UpTL broken at around 10270. Downmove has impulsive feel.
  • Looks like bold purple support at 9325 (= previous weekly double bottom NL) will be challenged soon.
  • Monthly big trend has remained down all this time.
  • Miss Nikkei NOT necessarily = miss selling other equity indices eg Simsci break of 303. Also, there will always be a pullback to sell into.

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