Breakfast Blog

The Mother of all Bull Markets,
                                                The Rally in the Japanese Nikkei 225 since Abe won the election has been                                            
remarkable and its accelerating!! Since mid-November, the index is up an astonishing 67% and it tacked on another 4.3% in the past two days. This index has gone parabolic! Do not try a pick a top on this!!
The index reached 20000 in 2000 and topped at 18000 before the Financial Crisis.
At 15,172 spot as i Type, a monthly downtrend line comes in at 16200 but when any instrument turns parabolic its best ignoring technicals and going with the fundamentals and as long as the Yen keeps weakening the Market will go higher and 18000 or higher could be in play by year end!