According to Elliot wave analysis the bottom of this correction marked iv was achieved in the late 90s and would have coincided with the previous 4th wave of intermediate degree Market participants will continue their stock investing games as long as the Yen remains low. Is the entire financial world being kept afloat by the Yen Carry? Subscribers are probably sick of me showing this picture but love it Chart 1 Shanghai index consolidating Yen bottom about to breakoutWhat it shows is the high profile highly speculative Shanghai Stock Index with the Japanese Yen at the bottom.
Unfortunately stronger Yen does not come at good time for Chinese stock investing games. More commentary and stock picks follow for subscribers. move above the blue dotted line would clinch it and offcourse have negative effect on the Shanghai Index as well as other markets it should be said.So how likely is it that the Yen is hitting MAJOR support which according to the bigger picture should hold. According to Elliot wave analysis the bottom of this correction marked iv was achieved in the late 90s and would have coincided with the previous 4th wave of intermediate degree the green circle.
the green circle. move above the blue dotted line would clinch it and offcourse have negative effect on the Shanghai Index as well as other markets it should be said.So how likely is it that the Yen is hitting MAJOR support which according to the bigger picture should hold. According to Elliot wave analysis the bottom of this correction marked iv was achieved in the late 90s and would have coincided with the previous 4th wave of intermediate degree As the Yen has moved relentlessly lower, the SSEC has moved persistently higher.
Market participants will continue their stock investing games as long as the Yen remains low. Is the entire financial world being kept afloat by the Yen Carry? Subscribers are probably sick of me showing this picture but love it Chart 1 Shanghai index consolidating Yen bottom about to breakoutWhat it shows is the high profile highly speculative Shanghai Stock Index with the Japanese Yen at the bottom. Its cheap money and liquidity which has kept the Shanghai exchange rising.