Central Plains Shun Report Nasdaq & Mothers No.105 February 20, 2023

・ Point　＜Nasdaq＞

Medium- to long-term outlook (6.9-year and 26-month cycle bottoms on Oct 13, 2022)

The long-term downtrend since November 2021 has ended. The 6.9-year cycle from February 2016 likely bottomed on Oct 13, 2022. However, since the valid bottom of the 6.9-year cycle is around January 2023 ±14 months, there remains a slight possibility that the next PC bottom could occur in the week of March 18 ± four weeks (Feb 20 to Apr 13). From the weekly chart shape, this possibility is small.

・ Point　＜Tokyo Stock Exchange Mothers＞

Medium- to long-term outlook (46-month cycle could be either three 15-month cycles or two 23-month cycles. A third 15.3-month cycle has begun)

The 15-month cycle bottom is assumed to be Oct 3. In February, the third 15.3-month cycle of the 46-month cycle should still have upward momentum for its fourth month. From 3 to 4 months, a bullish trend is expected. However, please note that the bottom for the 15-month cycle can still be tolerated until around March.

Please see the continuation in the PDF file.

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