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The following is the last five years of Japan Economic Growth. Do you see any relationship between economic data and stock market. See the chart and data for details.
Japan Economic Data
Nikkei 225 Data since 2007
In chart, the Japan has a recession before the global great recession. Now the ^N225 is higher than before 2008.
July 24, 2015 Nikkei 225 Data Since 2007
Nikkei 225 Index Analysis
Say what you like, generally Japan stock market base on Nikkei 225 is on an uptrending. Remember buy or sell make profit, so index up or down also can make money.
Is the Index doing an reversal? We spot a development of double top. The price action is retesting the same high.
July 24, 2015 Nikkei 225, ^N225
Nikkei 225 Closed Up View
Gartley 222 Reversal Strategy is a great tool for top or bottom. Why 222? As this is found at H M Gartley book published in 1935 Profit in the Stork Market page 221 and page 222. The strategy is a reversal such as double top or head and shoulders.
Overlay the River, a great visual tool to see trend. Price action has been bounced off and above River, on uptrending. Next you also spot the River is also slopping up, uptrend.
Be very aware and careful when price action crosses River. Especially, price action get resisted after crosses down River.
However, the price action in Nikkei 225 case has crossed up River again. Luckily the price action is retesting the high. Will the price action crosses below River again and get resisted? Will see.
July 24, 2015 Nikkei 225 Closed Up View
A good read from the following link:
Japan Economic Outlook
Thanks for visiting the website.
Moses
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