Earlier I mentioned that the Nikkei had the same signals as the broad market and if the market is going to see an even more significant bounce than today's which I feel more confident about than ever, the Nikkei is going to move up as well.
Thursday, February 6, 2014
The Same Concept Applied to the Nikkei 225
The NKD (futures) is a lot like the Dow in terms of size (points and percentage moves).
Earlier I mentioned that the Nikkei had the same signals as the broad market and if the market is going to see an even more significant bounce than today's which I feel more confident about than ever, the Nikkei is going to move up as well.
intraday 1 min chart..
This 5 min is where things get neutral.
After that, the 15 min is leading positive in a huge way and very quickly.
As is the 30 min chart
Even the 60 min chart is strongly leading suggesting a huge move. This is the same concept as the market averages as well as VXX.
Earlier I mentioned that the Nikkei had the same signals as the broad market and if the market is going to see an even more significant bounce than today's which I feel more confident about than ever, the Nikkei is going to move up as well.
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