Forecast for 5th December 2012 Topix December contract Long term levels 791.7 – 100 week moving average 778.5 – Weekly 50% Fibonacci 772.1 – Daily 23.6% Fibonacci 765.5 – 200 day moving average 761.7 – Daily38.2% Fibonacci 758.0 – Weekly 38.2% Fibonacci 753.3 – Daily 50% Fibonacci 744.8 – Daily 61.8% Fibonacci 743.2 – 100 day moving average 732.6 – Weekly 23.6% Fibonacci Topix unable to break the November highs at 789 this week leaving a small double top in place which could lead to continued
Excerpt from:
HSCEI, Nikkei, Topix, Kospi & Straits Times
