- Nikkei 225 : Last @ 9081.
- Advancing SHS top.
- Revisit to previous low at 7173 not impossible.
- Any pullback towards 9287 is for selling into.
- US10YY : Last @ 3.207%
- Uptrend broken in mid-Aug09 and consolidation since.
- Close on Friday below 3.22% previous low = Tentative sell (yield) signal until we penetrate some way below (then confirmed).
- Then to 3.02%, 2.63% and 2.13%.
- EUR/JPY : Last @ 129.68
- Top heavy around 138.
- Broken angled support line, but below 128.02 would be better.
- Target 10 big figures on downside. Cannot see this happening on back of USD/JPY alone so expect EUR/USD to decline as well.
- Look back at Sep/Oct08 when we broke 153.27. Repeat mini-version at 128.02?
All 3 charts indicate
likely resumption of the long term trend (ie rally since Mar09 is a retracement only).
2 comments:
hi taichi
just out of curiosity, why do u track Nikkei? Why Nikkei and not any other indices? thanks
??? I do track all the major indices. This post is about the 3 most exciting markets I am seeing currently.
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