DJ Japan Index is headed for another test of support at 49.50. 21-Day Twiggs Money Flow peaking below zero warns of strong selling pressure. Breach of support would offer a target of 45.50*.
* Target calculation: 49.50- ( 53.50 – 49.50 ) = 45.50
DJ South Korea also displays a strong primary down-trend. Breach of support at 365 would offer a target of 300*.
* Target calculation: 365 – ( 430 – 365 ) = 300