Why Nikkei 16000 Has Always Been The Target?
By Lawrence
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Part of Art of Chart Reading There are chart readers who use many patterns. They use so many patterns you have to wonder if it is feasible to recognize them all. ...READ MOREPart of Art of Chart Reading Summary Wyckoff Up Thrust (a.k.a. Wyckoff thrust, w. thrust) is a terminal pattern for an uptrend. It is not a type of false breakout. ...READ MOREA piece from Reuters, Anatole Kaletsky: The new long-term bull market ahead, hits the websites today. Someone who has no expertise in trading nor chart reading writes about "breakout" ...READ MOREPart of Art of Chart Reading Here is the core set of chart patterns I find essential to get a grip of any markets I follow. Each pattern that has ...READ MOREPart of Art of Chart Reading Many traders are obsessed with the idea that there exists secret uber chart patterns that produce superior returns with virtually no ...READ MOREThe chart of Nasdaq Composite below. If this is the anti-crash climax following power law distribution like what happened to Nikkei many years ago, not only the ...READ MOREZoom in to hourly on Nikkei in this chart. This is an update to my post Why Nikkei 16000 Has Always Been The Target? Now that ...READ MOREDaily chart on crude. I marked the first quarter STOPD Levels. If there is a 3rd push back up, it will be back up to 107-107.5 ...READ MOREPart of Art of Chart Reading The basic types of price movements are just contraction and expansion. It is similar to how we breathe. It cannot be simpler. ...READ MOREThe Minimalist Approach To Chart PatternsWyckoff Up Thrust / UpThrustThe Motive Of This Questionable ArticleEssential Chart PatternsDouble TopComplex Chart Patterns Are Just Combinations Of TheNasdaq Composite At Critical Juncture NowNikkei Tagged First Pullback TargetCrude Oil OutlookPrice Moves Like We Breathe
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Downside target is 13500-13800 area.
As I predicted, Nikkei is gunning for another limit down today. =P
Central bankers are itching at this point to intervene again for sure.