Central Plain Sprint Report (NYSE Dow Jones Average & Nikkei Average) No.164 August 22, 2022

・Point

Medium- to long-term outlook (if the second phase pattern starting from March 2020 requires a sharp rise) No change

The first 4-year cycle is a combination pattern of two 24-month cycles and three 15.5-month cycles. The rise from the bottom of the 24-month cycle started in June. It is worrisome that the bottom of the 15.5-month cycle is expected around November, but if the second 24-month cycle is bullish, there is a possibility of maintaining the rise until around March next year.

・Point

Medium- to long-term outlook (the rising phase of the second 24-month cycle. Ideally into year-end, at least up until around September) No change

The 24-month cycle bottoms on March 9. Both time and price targets are met (time within ±3 months of March, price at or below 25,280). The first PC of the second 24-month cycle is bullish. If Japanese stocks do not make new lows while U.S. stocks make new lows and then reverse, a bullish divergence is forming. It is especially reassuring that Nasdaq has clearly started to rise.

Please see the PDF file for the continuation.

＊ Copying or distributing our report without permission would violate the contract. If such violations are discovered, legal measures may be taken, so please be aware. At the same time, even during your subscription period, distribution may be terminated. Thank you for your understanding and cooperation.

＊ This report does not guarantee the accuracy of future outlooks or profitability. Traders and readers of the report should trade at their own risk. Neither the author nor the issuer of this report bears responsibility for the decisions of participants in the market. Regardless of the security, physical, futures, and options trading are considered high-risk.

＊ This report is for information purposes only and does not constitute a buy/sell recommendation.