The Bull Case
Notice the similarities between the comp bottom and the nikkei bottom
COMP stockcharts.com
2,300.00 | O |1 O + O X + | | | 2,300.00 2,250.00 | | + O X O 6 + | | | 2,250.00 2,200.00 | | O X 5 O X O + | | | 2,200.00 2,150.00 | | O X O X O X O X + + | | | 2,150.00 2,100.00 | | 3 X O X O O X O X 8 +|+ | | 2,100.00 2,050.00 | | O X O O X O X O X O|C + | | 2,050.00 2,000.00 | | O X O 7 X O X O|X O + | | 2,000.00 1,950.00 | | O X X O O O|X O | | 1,950.00 1,900.00 | | O X O X O|X 1 |High| 1,900.00 1,850.00 | | O X O X O|X 2 3 | | 1,850.00< 1,800.00 | | O O X O|B O X |Avg | 1,800.00 1,750.00 | | O X 9|X O X | | 1,750.00 1,700.00 | | 4 X O|X O | | 1,700.00 1,650.00 | | O O|X |Low | 1,650.00 1,600.00 | | O|X | | 1,600.00 1,550.00 | | O|A | | 1,550.00 1,500.00 | | O|X | | 1,500.00 1,450.00 | | O|X | | 1,450.00 1,400.00 | | O| | | 1,400.00 1,350.00 | | | | | 1,350.00
Nikkei
stockcharts.com
11,600.00 | + | X | | 11,600.00 11,550.00 | + | X O | | 11,550.00 11,500.00 | + | X O | | 11,500.00 11,450.00 | + | X O | | 11,450.00 11,400.00 | + | X O |High| 11,400.00 11,350.00 | + | X | | 11,350.00< 11,300.00 | + | X | | 11,300.00 11,250.00 | + | X | | 11,250.00 11,200.00 | + | X | | 11,200.00 11,150.00 | X + | X | | 11,150.00 11,100.00 | X O + | X | | 11,100.00 11,050.00 | X X O X + | X | | 11,050.00 11,000.00 | X O X O X O + |+ X | | 11,000.00 10,950.00 | X O X O X O + |X + X | | 10,950.00 10,900.00 | X O X O X O +|X O + X | | 10,900.00 10,850.00 | X O X X O X O |1 O + X | | 10,850.00 10,800.00 | X O X O X O X O X |X O + 3 | | 10,800.00 10,750.00 | X X O X O X O X O X O |X O + X | | 10,750.00 10,700.00 | X O X O X O X X O X O X O |X O + X | | 10,700.00 10,650.00 | X O X O X O X O X O X O X O |X O + X | | 10,650.00 10,600.00 | X O X O X X O X O X O X O X O |X O + X | | 10,600.00 10,550.00 | X O X O X O X O X O O X O X O X |X O + X | | 10,550.00 10,500.00 | X O X O X X O X O O X O O X O X |X O + X | | 10,500.00 10,450.00 | O O X O X O X O X O X O X O|X O + X | | 10,450.00 10,400.00 | O X O X O X C X O X O X O|X O X | | 10,400.00 10,350.00 | B O O X O O O O|X O X X | | 10,350.00 10,300.00 | O X O|X O X O X X | | 10,300.00 10,250.00 | O X O|X O X O X O X |Avg | 10,250.00 10,200.00 | O X O| O X O X X O X X | | 10,200.00 10,150.00 | O X | O X O X O X O X O X | | 10,150.00 10,100.00 | O X | O O X O X O X O X | | 10,100.00 10,050.00 | O X | O O O X O X | | 10,050.00 10,000.00 | O | O X X O X | | 10,000.00 9,950.00 | | O X O X O X | | 9,950.00 9,900.00 | | O X O X O X | | 9,900.00 9,850.00 | | O O X O X | | 9,850.00 9,800.00 | | O X O | | 9,800.00 9,750.00 | | 2 X | | 9,750.00 9,700.00 | | O X | | 9,700.00 9,650.00 | | O X | | 9,650.00 9,600.00 | | O X + | | 9,600.00 9,550.00 | | O X + | | 9,550.00 9,500.00 | | O X + | | 9,500.00 9,450.00 | | O + | | 9,450.00 9,400.00 | | + | | 9,400.00 |