Friday, December 23, 2016

12/16/16 #Nikkei Chart $NIKK #Free

Nikkei Chart
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.

Nikkei's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in the Matrix for subscribers.

Subscriber Comments

Chart


The Nikkei's focused bull opportunity has produced an impressive 120% annualized gain for the bulls since the fourth week of October (see $NIKK Matrix). Disciplined bulls that recovered their initial investment in the second week of December are letting their profits run while watching TIME.

Smart money, a small minority listening to the message of the market, recognizes the decay of TIME as BuST rises above 0 and approaches 2. BuST = -0.2 define a trend approaching the mid point of the up cycle.

$NIKK Matrix


A weekly close above the August 2015 gap from 19,192 to 19,435 supports the up impulse, while a close below support from 17613 to 17905 could reverse it. A reversal favors testing of lower support.

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Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.