Nikkei 225 is interesting

Fig 1 Nikkei 225 Weekly Chart

I don't know about any one here, but I find the Nikkei 225 chart to be quite interesting.

Although it has done a record jaw dropping fall of 1,000 points (wow!!!!), it is still at higher low. In fact, the fall has just enable it to complete its minimum objective of the upward wedge. Not only that it is now supported by a support line drawns for the low on 27th Nov 2010.

So the situation there might not be that bad afterall...for the time being.Its present support is 9,046 while resistance at 9,737.