Sunday, June 20, 2004

Chart of the Week

Japan's Nikkei-225 Stock Average
Last 12 months

Bottom Line: Japan's Nikkei-225 appears to be breaking out tonight after a 3-week consolidation. The Index will likely break through its recent highs of 12,195 set in April. The Nikkei has returned 27.4% over the last 12 months versus the S&P 500's gain of 16.0%.

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