MMA Weekly Report Nikkei Stock Average By Raymond Merriman Oct.6 2025

1. Review

Last week the Nikkei Stock Average closed up 414 points from the previous week, at 45,769. The week's low was on Wednesday, October 1, at 44,357. The week's high was on Friday, October 3, at 45,778. Although the week's low price fell below the weekly support line, the closing price exceeded the weekly resistance line, making the outlook very bullish. Therefore, the continued streak of bullishness is highly probable. In fact, the closing price exceeded the Weekly Trend Indicator Point (TIP) for 19 weeks out of 20, indicating that the overall trend remains in an upward phase.

2. Cycles
As I explained in my book "Forecast 2025," the Nikkei stock average has a long-term market cycle of 17 years. The origin was 6,994 on October 28, 2008. This cycle splits into an 8.33-year cycle, and the first half ended with a “double bottom” at 14,864 on June 24, 2016 and 14,865 on February 12, 2016. From here the second half (the 2nd - 8.33-year cycle) began. 2025 marks the 17th year of this 17-year cycle.

For the continuation, please refer to the PDF file.

＊ MMA Report is prepared from Mr. Mellman's unique perspective for information purposes and does not constitute a buy/sell recommendation.
＊ Please make your final investment decisions at your own risk.
＊ Unauthorized copying or distribution of this report violates the contract. If such violation is detected, legal action may be pursued. Even within your subscription period, distribution may be terminated. We appreciate your understanding and cooperation.