Central Plain (Ny Dow Average - Nikkei Average) Report No.168 September 20, 2022

・ポイント＜ＮＹダウ＞

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 pattern of two 24-month cycles and three 15.5-month cycles. The rise from the 24-month cycle bottom began in June, but a 15.5-month cycle bottom is expected around November, so a sharp drop occurs for the time being. If the second 24-month cycle is bullish, there is a possibility of rising until around next March.

・ポイント＜日経平均＞

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 bottomed on March 9. Time and price targets have been met (time within March ±3 months, price below 25,280). The first PC of the second 24-month cycle is bullish, but we are entering a time zone where the 15.5-month cycle begins to exert downward pressure.

＊ This report does not guarantee the accuracy of future outlook or profitability. Traders and readers of this report should trade at their own risk. The author of this report and the issuer do not bear any responsibility for the decisions of various participants in the market. Regardless of the asset, spot, futures, or options trading is considered high risk.

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