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Strategies & Market Trends : Zman Market Timing
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From: zman6910/24/2013 9:11:48 PM
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Nikkei futures chart looking rather ominous IMHO. We have a 2 week head and shoulders pattern forming on the hourly chart, which a break below the neckline (only about 50 down from here) would project down another 500 points or so. And that would cause a breakdown from the triangle pattern that we have been in since the June low, which itself projects down another 2500 points from there. All in all Nikkei futures chart looks to be setting up for a possible cascading drop of about 3000 points.
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