Are we at a forefront of a multi hundret point decline @both Indexes, the DOW and the NKY?
If both will run simultaneously in a decline the DOW is moving in a wave c (circle) to lows around the ~20379 area. The NKY will than drop down also in a running or expanding flat with targets @ 198xx and the area about 19565 or the low at 19449. Pricing in the DOW @ 214xx area, with a strength move and measure in Volume, A/D ratio and a strong Trin, hand in hand also with the major US Indexes, will eleminate this forecast and tell us, that an impulsive move is running to the upside. The NKY is doing also well with the Dow, but is advancing in a larger move on higher degree and not right at the and of his advance like the DOW is in my view. Pricing above the 20339 area eleminate this forecast.
Have a great week...
rübennase :-)
If both will run simultaneously in a decline the DOW is moving in a wave c (circle) to lows around the ~20379 area. The NKY will than drop down also in a running or expanding flat with targets @ 198xx and the area about 19565 or the low at 19449. Pricing in the DOW @ 214xx area, with a strength move and measure in Volume, A/D ratio and a strong Trin, hand in hand also with the major US Indexes, will eleminate this forecast and tell us, that an impulsive move is running to the upside. The NKY is doing also well with the Dow, but is advancing in a larger move on higher degree and not right at the and of his advance like the DOW is in my view. Pricing above the 20339 area eleminate this forecast.
Have a great week...
rübennase :-)