Nikkei - why todays selloff, here why...

First chart a daily, you can see this is just a simple technical channel test and double top on the overbought indicator. It always is a laugh to watch the media give it a reason with their spin. LOOK at that two year bullish overbought condition, massive Bank of Japan intervention, 35 TRILLION..........



Chart 2: Monthly, what do you see................

Bear or Bull market, B E A R market - a simple oversold, a big one, bounce back to the downtrend line. IF this cannot be taken out deflaton resumes. 4 lower tops, not a pretty chart. Watch it. Notive the overbought condition which led to this selloff, profit taking, pure and simple.

All the best,

West