Nikkeï : outlook for 2009

Catégorie [ Nikkeï ]

Long term: towards LY (4865)

On a yearly basis, our MACD was overbought before our stochastic. LY (4865) is our first support. Collapse could continue for 2 to 7 (?) next periods.

 On a quarterly basis, the status for our stochastic and MACD is overbought. The spread UQ / LQ is wide but extend. For our 7 / 23 quarters moving averages, a bearish A type crossover will develop. LY (4865) is our first target.

On a monthly basis, a bearish parallel pattern is in progress.

 

Idea: no recovery before 2011. Below LY (4865) is not ruled out.