Tuesday, March 15, 2011


This is the broad based TOPIX index in Japan. Support is very close but I would not expect a "V" bottom. This is a monthly chart but weekly RSI is NOT oversold. Daily is.

Bottom line - this might be a good place to watch once things return to some degree of economic normal. And that is said with respect for the human beings who will not return to normal in the devastated areas of Japan.

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