Nikkei 225 is on a Very Steep Upside

The Nikkei 225 (^N225), the major average for the Japanese stock market, is at a five-year high. Since it bottomed on April 28, 2003 at 7,607.88, the Nikkei 225 has increased to 16,194.61 on December 28, 2005, a 112.87% increase.

But the current phase of the upside is very steep (Enlarged chart) so wait for a pull back in price before you buy.

And the average faces major resistance at the 21,000 level if its upside continue.