Because critical support has been broken. The NIKKEI is now trading below the levels seen in May ... of 2009
If you recall my last post on the NIKKEI: Back at Support, I was showing the critical support line just above 9000.
It is now gone. This does not bode well at all.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXypYWxK4ZR_up6DPgOrOCrZ3EAkKhzWCvyiMftQel2xbhweYTYrwV0t5Cyb0u81prxYzJafbNhchcdt_-zbar1uRLMvnm6Z0hcYELTBt7G6vzDjlT4GY0ayxezOFEon_9n3-ZQuc1jAs5/s320/0binve-001-201.png)