Elliott wave theory: I have already said that any top
will get confirmation only on close below 8290. It saved threshold and hence advance
more. One needs to focus on Fibonacci series and sequence. I have few key
levels on higher side based on weekly chart. One such key level is 8600. Sound
so crazy !!!
Market cycle: Global market has refused all possibility
of correction even after sluggish momentum. Indices like DAX has also moved in
some unexpected way. Has BoJ really changed the picture?
Technical indicators: Now, it is the time to count for
weekly divergence again. A top is sooner as RSI has not moved with any greater
strength.
Charting pattern: I moved out form short on time
before it can hit badly. Higher high pattern continues. Three key lows were
8290, 8304 and then 8349. So, it may advance more.
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