Tokyo Nikkei Index (11765)

The Nikkei Index is making its sixth attempt to break out above the 12000 level since 2002. The intermediate term trading pattern suggests this attempt will peter out in the 12000 area within weeks, and there may be a new problem developing. The longer term underlying trading pattern is now weakening. This would suggest that we may be seeing the final thrust at the windmill for some time to come. Can you detect my lack of enthusiasm?