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Charts current to 3rd February, except where otherwise indicated
Now testing resistance in pink.
Bottom in pink and breakout from channel in orange suggest that the bear trend is over. Next obstacle at around 18,000. If strong volume continues and the index breaks 18,000 expect 20,500.
Bullish channel in pink. Testing resistance in green.
New high and breakout from resistance is bullish. Next resistance at around 5,300. Strong recent volume gives a good chance.
Chart below current to 20th January.
Resistance of 6,000 on the log chart.
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Charts below current to 23rd September.
12 years of average 20% growth - after nine years of nothing. Resistance at around 4,200.
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All predictions since 1996