Japan is seeing the light at the end of the tunnel

I can't believe I am saying this. After so many years of stagnation and slump in their market, it seems that Japan is finally coming out of the deep recession.

 

I mean after being screwed by USA for so many years, taking up their worthless bonds, the market is turning. This is evident from the Nikkei index. While the chart here shows. a completion of a double bottom, this is nevertheless a small one of a bigger one. In fact the neck line of the bigger double bottom is located at 18,000 mark.

 

The move isn't complete after it fulfilled its double bottom minimum objective. As you can see here it is making a triangle. While this triangle makes it difficult for one to decide its next direction, the signs are good. Worst case, it retreats and touches the neck line before goign forward. The Triangle's objective if it breaks out now would be 17,000, very close to the 18,000 mark.

 

What I hope is that the Nikkei won't rise so quickly as I still plan to visit the country in a year or 2.