The $NIKK Sends An "Iceberg Dead Ahead" Signal
The $NIKK was a leading indicator at the market tops of 2000 and 2007. The $NIKK closed today at new lows after making a big divergent high. How could the $NIKK be a leading indicator? I think the underlying cause is the carry trade with the Japanese Yen. While I think it is a poor indicator of day to day moves, it has been extremely informative in big picture market action.
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The $NIKK Sends An "Iceberg Dead Ahead" Signal
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