Tuesday, August 27, 2013
Projected path of the Nikkei
If the Nikkei breaks below 13200 again, the chart below shows it's most likely path. Assuming the break down occurs, the selling won't stop until 11500-11750. If the move lower starts tonight there will only be 2-3 days max to get out before a crash. Nothing is a sure thing and as I stated earlier if the /NKD can hold these levels, instead of crash, a huge move higher will happen very quickly. The set up that is in front of market participants, concerning the Nikkei, is a rare one. Whether up or down, a huge move will start soon.