Nikkei Followed Through On Our Downside Expectations

 

The Nikkei Declines Further As Expected

nikkeiThe Nikkei has begun to decline again in price with the start of this new week, much as our signals suggested and our SELL signal that we reported on Saturday last.

This may only be the opening theme for the week, with more decline to follow in it’s wake.

Momentum had already shifted to the downside and, today’s actual declines in price action will only further solidify that downward momentum.

Other stock market indexes are also showing the same weaknesses and their interconnected financial threads will tug on all when just one of the large indexes start to pick up speed in decline.

As mentioned in our earlier post, as this is a Daily Sell signal, it’s effects will take days to develop instead of hours. George