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CURRENT MARKET TREND: Up 5/27/16 @ 2090
Stop-loss 2026

Wednesday, June 18, 2014

Nikkei - Clean Chart

The Nikkei has one of the cleanest looks. I am counting the current move up as the C wave of a 3-3-5 correction which should top out around the 15,400 mark with a chance to extend to 15,675. I am looking to enter some puts for January 2015 on the EWJ, strike 11, at these two levels on the Nikkei. The 50% time from the low on the chart to the high comes in the end of November, and the correction should take at least 50% I would think.