Central Plains Shun Report (NYSE Dow Jones Average · Nikkei Average) No.175 November 7, 2022
・ Points
Medium-to-long-term outlook (sliding toward a 15.5-month cycle bottom) 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, and the 15.5-month cycle bottom may also print a bottom-out on October 13.
・ Points
Medium-to-long-term outlook (the rise of the second 24-month cycle ends, and the 15.5-month cycle declines) No change
The 24-month cycle bottomed out on March 9. Time and price targets have been met (time within March ±3 months, price at or below 25,280). The first PC of the second 24-month cycle formed despite the 15.5-month cycle applying strong downward pressure, but did not create a new low. However, there remains a possibility that another PC could enter.
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* This report is for informational purposes and does not constitute a buy/sell recommendation.