MMA Weekly Report Nikkei Stock Average By Raymond Merriman Jan.27 2025

1. Review

The Nikkei Stock Average closed the week at 39,931, up 1,480 points from last week. The week's low was 38,643 on Tuesday the 21st, and the week's high was 40,279 on Friday the 24th. The close for the week exceeded the weekly resistance line, so sentiment was bullish. This implies the bearish streak has ended. In fact, this closing level surpassed the weekly Trend Indicator Point (‴TIP‴) for the first time in three weeks.

However, the underlying trend still appears to be maintaining a “neutral” stance.

2. Cycles

As explained in my book Futures 2025, the Nikkei Stock Average has a long-term cycle of 17 years. The starting point was 6,994 on October 28, 2008. This cycle is divided into two 8.33-year cycles, with the first half ending at the “double bottom” of June 24, 2016’s 14,864 and February 12, 2016’s 14,865. From there, the second half (the 2nd – 8.33-year cycle) began. And 2024 was the 16th year of the 17-year cycle.The second part continues from the 14,865 level, marking the continuation of the later stage of the cycle in 2016.

Please see the PDF file for the continuation.

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