MMA Weekly Report Nikkei Average Stock Price By Raymond Merriman Mar.3 2025

1. Review

Last week the Nikkei Stock Average closed at 37,155, down 1,621 points from the previous week. The weekly high was 38,485 on Tuesday the 25th. The weekly low was 36,840 on Friday the 28th. The closing price fell below the weekly downside support line, signaling a bearish week. Furthermore, this closing price also fell below the Weekly Trend Indicator Point (TIP) for four consecutive weeks, indicating a general downtrend.

2. Cycles

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

Please refer to the PDF for the continuation.

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