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Key Fiboancci level going to hit the Nikkei index hard, causing large decline?

Courtesy of Chris Kimble.

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The Nikkei has been very strong over the past 5 months, gaining more than most stock markets, anywhere in the world.  The rally of late, now has the index near the 50% Fibonacci level, of its large decline from 2007 to 2009.

If this white hot index is to take a breather, the 50% Fibonacci level could well be a place for one to start!

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