Nikkei
The Nikkei might be set for a Rally: Empiricism has shown the Hang Seng tends to lead the Nikkei, not on a one to one movement but rather by movement fractal or recursive fractals. The latest indications are of the USD/JPY holding the 86 – 87 level. This coupled with the Hang Seng fractal of late. See chat below:
Extrapolated Fractal
Perceived pattern points to a knew jerk reaction, followed by 3 wavelet move.
Zoomed Nikkei Chart.
Based on Tale End of Chart We begin fractal.
Point 1: 7/2/2010 (9020)
Point 2: 7/14/2010 (9810)
Point 3: 7/20/2010 (9180)
Point 4: Should take us past 10260 if fractal is valid
Perceived fractal would be considered useless if Nikkei negates Point 2: (falls below 9180).
By Andrew Shawn – Recursive Investments in Global Financial Markets
Financial Markets | RefCapGroup | 
July 21, 2010 12:55 pm
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