NIKKEI 225: Perspective in the grand scheme of things

NIKKEI 225: Monthly Chart- 1988 to present.

From 'Boom' to 'Bust' & back to the future: 'Boom'?
After the successful demolition by Basle I on the Japanese economy (& Sweden's for that matter) in the 1980's; has Japan finally got it right with 'excess capital' back in the banking system & a pro-active fiscal/ monetary policy mix that may herald a return to the good old days?
If so; then there's plenty of room for further gains.

What now for BHP & the Commodity BOOM?

BHP Monthly Chart 

Like its brethren RIO & VALE; BHP fully reflects the market's view on the commodity 'boom'.
Is it 'bust'?
Below A$30 would be the 1st major sign that a 'bust' is underway; the MACD giving a Sell Signal whilst below the Zero Line implying that the post 2009 recovery has run its course & 'reality' beckons for the brave.

COPPER follows Gold?

Copper Weekly 04/16/2013

After the much anticipated Gold 'spill'; Copper looks most vulnerable of the 'real' metals to suffer a similar fate, notwithstanding the conspiring factors (strikes/ landslides & the like) to keep the faithful fully 'engaged' in the recovery story emanating out of China.
If 'ever' $2.99 'fails'; the whole commodity space could go 'sub- prime' on us; QE be damned.

Outside Down Weeks for S&P500 & NDX100......Crude 'leads'.

S&P500: Weekly Chart @ Close 04/05/2013

Not only the benchmark S&P500; but also the NASDAQ100 (NDX) together with Crude's ($WTIC) earlier warning signals a correction (well overdue) is likely 'upon us'.
The Transports have been the lead index on the way up, it appears to be leading the 'charge' lower as well.

Crude April Fool's joke?

CRUDE ($WTIC): April 1st 2013

An end to the rally; or an April Fool's  joke?
Either way; but an OUTSIDE DOWN Day has been witnessed and that may not only have implications for this Rally in Crude prices; but perhaps for other markets (Risk) as Crude succumbs to Copper's malaise and other things that matter in the supply chain?

NYSE McClellan still 'mired' @ Zero......

NYSE McClellan Oscillator 03/28/2013

Back to the Highs for the NYSE; yet the McClellan remains @/ just above Zero.....so what gives?
Perhaps this rally is getting a tad 'long in the tooth'?
The previous Week's Outside- Down chart pattern for the Dow Jones Transports does lend itself to that notion; recent weakness in the $BKX & especially JPM can also 'avail' themselves to the 'correction' prosecution case.