Central Plain (Chūgen) Jun Report Nasdaq & Mothers No.101 January 23, 2023

・ Points

Medium- to long-term outlook (Seeking a 6.9-year cycle bottom and 26-month cycle bottom. Possibility also on Oct 13, 2022)

From February 2016, the 6.9-year cycle started. It is possible that Oct 13 was the 6.9-year bottom and the third 28-month cycle bottom. However, the reasonable bottom of the 6.9-year cycle is January 2023 ±14 months, so the week of Mar 18 (±4 weeks: Feb 20 to Apr 13) could still be the 6.9-year cycle bottom. There is a high likelihood of further decline at present.

・ Points

Mid- to long-term outlook (a 46-month cycle can be three 15-month cycles, or two 23-month cycles. The third 15.3-month cycle has started.)

The bottom of the 15-month cycle is assumed to be Oct 3. January is the third 15.3-month cycle within the 46-month cycle and the third month. This scenario is bullish, but note that the bottom of the 15-month cycle may still have a tolerance of about up to March.

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