too. - But not before US Equities do!! (Made a lot of money on these longs until now and especially being Short DJIA/Nikkei225 Spread!)
... and given the currency differential, the Nikkei225 is still a helluva lot better deal than US indexes. Here is the SP500/Nikkei225 Spread Short it until it can be shorted no more!
Here is the Weekly;
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Also ... ... the DJIA/Nikkei225 Quarterly chart. The Best SHORT out there, bar none!