Never ceases to amaze me how these charts exhibit almost perfect EW characteristics at times, in this case with the fib retracements. One thing going against this count is that the EW theory of alternation says that where wave 2 was shallow then wave 4 is expected to be deeper. Not always the case though and I suspect we could well see some further upside in Japanese equities. In fact, lots of other equity charts are pointing out the same path suggesting a possible top in spring next year. Hope I'm right.