Why Nikkei 16000 Has Always Been The Target?
By Lawrence
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Boeing has been the news darling this week for, well, bad reasons. What does its chart tell us? 1. Very clear 10-year full swing up and ...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 MOREPart of Art of Chart Reading There are many trend identification methods other than swing trend. The number of trend definitions exploded in the late 1990s as that was the time ...READ MOREPart of Art of Chart Reading Many people likes the comfort of guru opinions, especially when that opinion agrees with their own. When the guru opinion, even if it is a ...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 Summary Measured move is a name given to a highly structured price movement that consists of 2 swings in the same direction with a ...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 MOREPart of Art of Chart Reading The Pursuit Of More Timely Trend Identification I started my chart reading education with the swing trend definition because that was the one that ...READ MOREFollowing is the weekly chart of Bitcoin. 75 / 75 is a classic chart pattern where an immature market crashed hard but holding the absolute 25% price ...READ MORESpike and ledge first target reached. As long as the baseline of the spike and ledge acts as resistance, the next target below is in play.READ MOREWTF Chart of the Day: Boeing’s 10 YearNasdaq Composite At Critical Juncture NowOther Trend Identification MethodsStop the Madness – Stop Asking for GuruEssential Chart PatternsMeasured Move (a.k.a. 1-to-1 Swing, ABCD Move)Nikkei Tagged First Pullback TargetThe Psychological Effects Of Swing ExtremesBitcoin: Where to Go From Here Dec 2014Gold Reached First Downside Target
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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.