Mr. Hiroshi Arano accurately predicted the high on 9/24! The high can be determined by four conditions. 10/24 is near the low
In the broadcast on Friday, September 27, the Nikkei average indicated that September 24 (Tuesday) was the high.
Mr. Koya Hiroshi had said so, and it turned out to be exactly right.
The reason we could forecast the high is that there are four conditions that shape a high.
Specifically, the four data points that identify the high are
1. The divergence above the 20-day moving average of more than +2% ceases.
2. The consecutive buying by foreign investors comes to an end.
3. The RSI calculated over 20 days peaks.
4. The 20-day cumulative number of new highs peaks.
However, when these four align, the high peaks.
I think investors would do well to remember this data.
The cycle from a high to a low is said to be 20 trading days (one month), and this year in particular, that tendency is pronounced.
Therefore, going forward, the next low should occur in about one month, so October 24 can be regarded as the low.
Also, a mini death cross occurred today, but a death cross shortly after a high tends to persist for a long time.
Tonight's employment data suggests that if the USD/JPY does not rise above 107, the 21,200 Nikkei level, which is considered firm, is likely to be breached easily.
The level is expected to fall easily.
It will be determined by whether the rate is above or below 107 yen.
