Chart of the week – Sun rises for Nikkei 225 after long winter

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There has been very little change on the charts since last week despite the fears in Europe and Cyprus.

I rarely talk about the Japanese market as it rarely leads markets, having been in such a downward spiral for so long.

However this week’s chart, the Nikkei 225, has been chosen to illustrate what happens when sentiment turns positive on a market which has been in such a slump for some time. It is also used to illustrate the extent of the global bull run we’ve witnessed.

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