Central Plains Shun Report (NYSE Dow Jones Average / Nikkei Average) No.166 September 5, 2022

・Point

Medium- to long-term outlook (a second-phase pattern starting from March 2020, but the 15.5-month cycle bottom is approaching) No change

The first 4-year cycle is a combination of two 24-month cycles and three 15.5-month cycles. The rise from the 24-month cycle bottom started in June, but since the 15.5-month cycle bottom is expected around November, a sharp drop occurs for the time being. 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, but pay attention to the influence of the 15.5-month cycle) No change

The 24-month cycle bottoms out on March 9. Time and price targets are met (time within March ±3 months, price at or below 25,280). The first PC of the second 24-month cycle is bullish, but we are entering a period where the 15.5-month cycle begins to apply downward pressure.

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