Central Plains Shun Report Nasdaq & Mothers No.030 July 19, 2021

※ Price Revision Notice

We will revise the prices of the “Nakahara Shun Report” provided on GogoJou from August 1 as follows.

Old 2,000 yen

New 2,200 yen

※ The new price will take effect from the August 2, 2020 issue.

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1. Points

＜Nasdaq＞
1. Mid- to long-term outlook (March 2021 is a 13-month cycle bottom. It may rise toward the end of the year, though a range-bound market may occur due to the “year 1” effect)

Since February 2016 a long-term cycle has started; the price target high is June 2021 +/- 1 year, with a price of 12,174 (9,481–17,404). A full top-out has not yet been confirmed. March 2021 is a 13-month cycle bottom. If bullish, the high price period may coincide with September 2021 to February 2022. However, due to the behavior of “year 1,” a range-bound market may remain possible.

2. Short-term outlook (20th week of the 22.3-week cycle; HPc top-out likely, with a 2–3 week correction)

At the 20th week of the PC. The top-out at the 9th week of the HPC likely corresponds to a PC-wide top-out. If early, around July 23, price may correct to the 14,000 ± 200, 13,600 ± 200 zone. Sell on rallies. If the PC bottoms out, the second 13-month cycle will transition to the center, likely rising until September 2021, or more plausibly until February 2022.

3. Points to note (adjustment until around the first week of August, when the second 9-month cycle bottom is expected)

Do not expect an immediate sharp drop; bottoming out around the first week of August when the second 9-month cycle bottom is anticipated.

＜JASDAQ/ Mothers＞

1. Mid- to long-term outlook (Has the 15.3-month cycle bottom completed?)

From April 2020 a new 46-month cycle begins. The average up period for a 46-month cycle is 24 ± 4 months (19–28 months). Bullish until April 2022 (2022 January–August). The 15.3-month cycle is earliest on May 17, but July to around September is acceptable.

2. Short-term outlook (New 21.2-week cycle at its 9th week; decline toward HPC bottom as expected)

The first 21.2-week cycle of the 15.3-month cycle has begun. The first MC bottom is July 9. Subsequent recoveries are weak, and the decline toward the HPC bottom is likely underway as expected. There is no anniversary date until the end of July. Looking ahead to the first week of August ± 2 weeks, buy on the dip around the end of July and allow for dips two to three times.

3. Points to note (if the 15.3-month cycle has not completed, the 21.2-week cycle will extend, and the decline will continue)

The 15.3-month cycle can extend up to September. In this case, the 21.2-week cycle will be extended, and at least the decline will continue through the central period of the cycle, i.e., July–August.

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