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Nikkei Down 30% on COVID-19 Fears. Time to Buy?

The last time we looked at the Japanese Nikkei 225 was on November 19th, 2019. The index was comfortably trading above 23 400 and the uptrend seemed very healthy, on the surface at least. And indeed, in December, the price reached 24 116. However, the fact that prices have been rising in the past didn’t…

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Nikkei 225 Can Lose 30% in Next Corrective Wave

The Japanese Nikkei 225 reached a multi-year high of 24 448 in October 2018. The last time the index traded this high was 27 years ago, in 1991, in the aftermath of the Japanese asset bubble. However, the bulls couldn’t maintain their momentum last year, which opened the door for a decline to 18 949…

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Nikkei Bears Only Getting Warmed Up

The last time we wrote about the Japanese Nikkei 225 index (NKY) was October 18th, 2017. While the price was hovering around 21 360, the weekly chart of the benchmark allowed us to recognize a worrisome Elliott Wave pattern, suggesting the bulls should be able “to reach 23 000 or maybe even 24 000“, but…

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Nikkei 225 Bulls Overstaying Their Welcome

Similarly to other benchmark stock market indices such as the Dow Jones Industrial Average, the S&P 500 or the German DAX, the Japanese Nikkei 225 has been a wonder to behold since its 2009 bottom. During the past nine years, Nikkei 225 has returned over 200%, 205.4% to be exact, climbing from just under 7000…

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Things Might Get Ugly for Nikkei Bulls

The Japanese Nikkei 225 index almost reached the 21 000 mark a year ago – in June 2015 – but it was not meant to be. Instead, the bears took the wheel and just 8 months later – in February 2016 – the index was down by more than 6000 points to 14791. It is currently…

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Nikkei, do not believe the rally

Nikkei formed its last major bottom around 13820 in the middle of April 2014. Afterwards it began a rally, which managed to convince many, that the top of 16330 may soon be exceeded. However, no Elliottician starts buying simply because of the rising prices. If you are curious enough to walk through our Education section, you have…

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Nikkei in bear’s paws

Nikkei is a stock market index on the Tokyo Stock Exchange. It is the most quoted index in Japan, similar to Dow Jones Industrial in USA. The downtrend in Nikkei has started in 1990. The recent advance has been a corrective zig-zag (ABC). The triangle in wave four signalized that there is one last movement…

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