Monday, January 18, 2016
NIKK Nikkei Index Daily Chart -20% Bear Market in Japan
The Nikkei Index tumbles into a bear market. Price formed a triple-top at the 20950-ish level so a -20% move off the top is a loss of 4190 points to 16760. The NIKK drops 192 points today, -1.1%, to 16956 (the chart is not yet updated) shown by the purple dot. Japan is in a bear market despite years of BOJ money printing. The blue line shows the -10% correction territory off the peak and the red line shows the -20% bear market off the summertime peaks. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.