MMA Weekly Report Nikkei Stock Average By Raymond Merriman Feb.25 2025

1. Review

Last week the Nikkei 225 average closed down 372 points from the previous week at 38,776. The week's high was on the 18th (Tuesday) at 39,508. The week's low was on the 21st (Friday) at 38,456. Although the weekly low dipped below the lower support line, the closing price was above it, which was a bullish trigger. Furthermore, this closing price was below the Weekly Trend Indicator Point (TIP) for the third consecutive week. Therefore the overall trend has shifted from “neutral” to a “downward trend.”

2. Cycles

As I explained in my book “Forecast 2025,” the Nikkei 225 has a long-term market cycle of 17 years. The starting point was 6,994 on October 28, 2008. This cycle is divided into two halves by an 8.33-year cycle, with the first half ending at the “double bottom” of 14,864 on June 24, 2016 and 14,865 on February 12 of the same year. From there, the second half (the 2nd-8.33-year cycle) began. And 2024 was the 16th year of the 17-year cycle.

Please see the continuation in the PDF file.

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