- New Science in old markets -

Japan compresses, moves up

Nikkei futures compressed yesterday and have moved up from that compression today:

Nikkei comp, break

You may have covered the outstanding shorts advised in the December 8th edition when we turned bullish on European equities yesterday. If not, cover Japan now and reverse into long positions. There is some resistance about 300 points above here from the old compression shown in that December 8th edition but it may be possible for the market to push through it - we will see.