22nd July 2011

UPDATE

Technical Fundamental

The exciting technical situation of the Nikkei

in association with

Disclaimer

Authorised and regulated by the FSA

The exciting Nikkei

Nikkei Stock Average 225 (OSE) Continuous 25000 24000 23000 22000 21000

Monthly Nikkei futures CHART

The wide perspective on the market reveals massive tested support at the 7000-7500 level. The market has bounced from it three times.
Now look closer.

in association with

20000 19000 18000 17000 16000 15000 14000

Neckline support 11390

13000 12000

UPDATE Technical Fundamental

Low 7600 6830- 6960

11610 Low
10200

11000

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7000

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Nikkei Stock Average 225 (O SE) Sep 11

High 10780

11300 11200 11100 11000 10900 10800 10700 10600 10500 10400

DAILY NIKKEI CHART

The detail of the price action reveals a long sideways piece of price action, on the point of breakout.
The resistance band 10120-10160 due to Fibonacci resistance, and Gap resistance has twice repelled the bulls. But a successful and confirmed move above 10160 would establish great support beneath the market and ratchet the market up further.

10120-10160 Gap resistance 76.4%

10300 10200 10100

High 10040

10000 9900 9800 9700 9600 9500 9400 9300 9200 9100 9000 8900 8800 8700 8600 8500 8400 8300 8200 8100

High 9740

Low 9380

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Low 7880

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Disclaimer

31 7 February

14

21

28 7 March

14

22

28

4 Apr il

11

18

25

5 May

16

23

30

6 June

13

20

27

4 July

11

18

25

1 August

The exciting Nikkei

Daily Nikkei futures CHART

High 10780

in association with

Watch the re-approach of the highs carefully. Cautious bulls will want to wait for a close above 10200. Once above the 10120-10160 resistance band will be good support.

UPDATE Technical Fundamental

76.4%

Nikkei Stock Average 225 (O SE) Sep 11

10350

10200 High 10120-10160 Gap resistance

10300 10250 10200 10150 10100 10050

As too will the Prior Highs 10040 and 10200 be good support. RATCHETING THE MARKET HIGHER.

High 10040

10000 9950 9900 9850 9800 9750

High 9740

9700 9650 9600 9550 9500 9450 9400

Low 9380
Low 9350

9350 9300 9250

250000 200000 150000 100000 50000 0

11

18

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5 9 May

16

23

30 June

13

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27

4 July

11

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1 August

in association with

UPDATE Technical Fundamental

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