Nikkei.
Just looking at the charts. Wow are these bullish
Monthly.
stockcharts.com[g,a]maclyyay[pc8!c21!c55][vc60][ile8,21,13!lp13,3,3!lp55,8,8]
Just had a positive cross in PPO-Histogram. I reckon that it has a good chance to hit its 55mth EMA.c. 15,000
PPO-Hist is positive and rising - this is very good - definitely looks like a buy the dips in weekly.
Serious lows seem to be put in just under every 4 years looking at the 55period stochastic here, and it looks like we made one.
Good support c.11,000 level.
Weekly
stockcharts.com[g,a]waclyyay[pc8!c21!c55][vc60][iLe8,21,13!Lp13,3,3!Lp55,8,8]
Momentum positive but falling.
Trend positive.
Good support 21p EMA in 11250 region to 11000 region.
Only thing more bullish are Gold and $HMO shares - EWJ is the Ishare that trades to it (broken out in daily + weekly) but you take on the Yen risk. There is a USD-denominated future that trades on one of the Chicago exchanges.
There's always a bull market somewhere I guess!
-macavity |
