Central Plain Rumbling Report No.069 September 7, 2020 ☆☆ NY Dow and Nikkei Average ☆☆

1. Points

Medium- to long-term outlook (March 2020 marks a 12-year cycle bottom. Future declines will be shallow due to policy effects) No change

The medium- to long-term outlook peaked in February following the cycle of zero years. Afterwards, the 3–4 year cycle's 3–15.5 month sub-cycle was shortened to 9 months due to policy effects, and the 12-year cycle bottomed out in March as well. If this interpretation is correct, the NY Dow is entering a major upward wave aimed at March 2021. Short-term declines are also expected to be shallow due to policy effects.

Medium- to long-term outlook (the March 19 low is the bottom of the long-term market cycle) No change

The 15.5-month cycle and the 4-year cycle bottomed in March at the target time window. Since the long-term cycle has bottomed out, the first 15.5-month cycle is bullish. However, 2020 could see a deep pullback from a 4-year cycle downtrend and a zero-year (very bearish) condition.