May 24, Awesome chart from Chris Kimble showing the Nikkei going back to — in particular, the downtrend that began in and still persists to this day.

One would normally expect a pullback and consolidation after a long move up to a major trendline, and under pre-Abenomics stimulus, that would be my highest probability outcome pre-stimulus, I have no idea! The key here is if and when the Nikkei breaks through that trendline, it is likely the beginning of a longer term multi-year breakout. This is why we put on Japan exposure for clients much earlier this year.

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Clients are long GAL , DXJ , which have substantial exposure to Japan. How Greed and Easy Money Corrupted Wall Street and Shook the World Economy Learn More Nikkei Downtrend Present May 24, Discussions found on the web: September 21, Prechter WTF Forecast: Dow 2, August 2, Seasonality: Previous Post Romancing Alpha, Forsaking Beta.

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