Nikkei 225 Index

We regularly get asked how a market looks technically, and often the truth is it looks/feels like a drunken spider’s just walked across the page, but not always. On occasion a chart jumps out at us, and the Nikkei today looks very similar to copper, i.e. headed to one more high before a likely period of consolidation – interesting with the BOJ currently intervening to stabilise the weak Yen.

• We can see the Nikkei testing the 75,000 area into Christmas, or 10-15% higher.