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The Nikkei – Hello July

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QUESTION: The Nikkei peaked right on your weekly target of May 20th. Amazing! What now?

NIKFOR-W 6-20-2013

ANSWER: The Nikkei elected one Weekly Bearish Reversal and the next two lie at 12220 and 10440. The Weekly Array shows there is still a lot of posturing to go on as we approach the ECM turning point 8/07.

NIKICH-W 6202013