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Japanese Stock Market Nikkei and Yen Preparing to Reverse Trends

Stock-Markets / Japanese Stock Market Jul 10, 2016 - 05:22 PM GMT

By: Tony_Caldaro

Stock-Markets

On Friday the Yen hit our long term target of par (100).

A declining C wave should begin shortly to resume its bear market.


While the Yen was rallying for one year, the Nikkei was also declining in what looks like a seven wave, double bottom Primary wave IV. A declining Yen should be a catalyst for a rising Primary V in the Nikkei over the long term.

An interesting setup in what lately appears to be a currency driven equity market. This is not a trade recommendation. It is simply an observation of two inversely related assets, nearing potential long term wave formation reversals. The charts of both assets are posted on page 7 (NIKK) and page 14 (JPY) on the stock charts link:

CHARTS: http://stockcharts.com/public/1269446/tenpp

https://caldaro.wordpress.com

After about 40 years of investing in the markets one learns that the markets are constantly changing, not only in price, but in what drives the markets. In the 1960s, the Nifty Fifty were the leaders of the stock market. In the 1970s, stock selection using Technical Analysis was important, as the market stayed with a trading range for the entire decade. In the 1980s, the market finally broke out of it doldrums, as the DOW broke through 1100 in 1982, and launched the greatest bull market on record. 

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Copyright © 2016 Tony Caldaro - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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