Japan’s Nikkei 225 Index is headed for a test of 10,000 after breaking resistance at 9,000 three weeks ago. 13-Week Twiggs Money Flow rising strongly indicates good buying pressure. Expect some retracement or consolidation at 10,000, but the primary trend is up and breakout above 10,000 would offer a target of 11,000*.
* Target calculation: 10,000 + ( 10,000 – 9,000 ) = 11,000
Whatever became of silver for the last six months especially as everyone was raving on about it hitting $100 by Xmas? Perhaps they meant next Xmas?
Peter
We are experiencing a very damgerous situation, stocks are and have been advancing due to QE1,2,and now 3. People have nowhere to go to try and get a good return on their money, henc we are overdu for a correction and people shold be very careful. We are heading into a majur trap, it’s just another way for them to steal our money.