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Don't put too much faith in the Nikkei bounce. It has all the signs of a
dead-cat bounce.
There is huge resistance at the 17000 level and it will take a super human
effort from the bankrupt Jap banks to surmount this. We have a saying that
anyone who supports a market deserves what they get. The Japanese
government are about to find this out.
The Dow still has not moved above the major resistance at the 7750 level.
If it fails to break above this in the next three days expect a huge sell
off.
Regards Dr. Clive Roffey
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