Following on from our 21 October post (see below) on the Nikkei nudging up against some major multi-year resistance, here's something else to think about.
The long term trend line sloping off the all time high in 1990 and the 2000 high.
If you like the Japanese market probabilities state that it's likely to churn around these levels with lower buying prices likely. But with 'price being information' we should still watch this closely because if there's a thrusting move upwards 16,000 to 18,000 buying the first pull back could be a great trade and way to finish off the trading year.
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