(Click at the picture to enlarge)Let's take a look at Chinas neighbour Japan and the Nikkie 225.
As it was the case for the Shanghai Composit the Nikkie 225 Index bottomed out in October 2008 and has traced out a big flat correction as wave [B]. By breaking below the support line back from March 2009 we got confirmation that wave [B] ended late August and has traced a small wave i and ii. We are currently in wave iii down, with a first target near the 9,000 - 9,300 area.
Japan has been in economic dulldrums since 1990 as its demographic chaged, like what we are seen in the West too, especialy in Europe, but the US and Canada will feel the Baby-Boomer retierment too, as the consumers will be embraced by a new buzz-word - FRUGALITY!
You better learn this word and the meaning, because it will be the trend for years to come and it will have a huge impact on our daily living.
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