Broke out of uptrend channel. Weekly RSI is overbought, but history shows that it can stay overbought for a long time. The next resistance will be 3500.
For 5 weeks cannot close above 19,000. May need to build a base at around 16,000 for another challenge.
Showing weakness. Still don't think that it will crash and make a new low. Anyhow, if it goes lower, it should scare the rest of the world markets. If it happens, it could be a good opportunity for those that have missed the Mar 2009 train.
The summary for the world markets:
|NasdaqComp||Up (+)||Up||Neutral (-)|
|Nikkei 225||Up (+)||Up||Up|