Nikkei 225 "Signs of the Cross of Gold 'Rally April high

Japan's Nikkei 225 Stock Average gold formed a cross call, indicating the meter may rise 11 percent through April of this year's high in the next quarter, according to Nomura Holdings Inc.

25-day moving average Nikkei surpassed the 200-day moving average today to form a cross of gold, which is considered by observers from table to be a bullish sign. The last event occurred in June 2009. The Nikkei was high this year on April 5, when it closed at 11,339.30 and can go back to that level in the quarter ended in March, said Shoichiro Yamauchi, a technical analyst at Nomura.

"A cross that the signal indicator is aimed at its April high as a short-term goal," Yamauchi said Nomura. "The 200 day moving average has been moving sideways, and far less for up and cross, indicating a strong uptrend that if the crossing was caused by a decrease in the measure."

The gold cross was formed last June 4 last year, when the 200-day moving average crossed below the average of 25 days, as he continued a decline that began in 2007. The Nikkei rose 17 percent after its April 2010 high. It has since fallen 9.6 percent to the 25 moving average fell through the measure and 31 May.

The Nikkei has risen 16 percent this year low on 31 August. Bull market is traditionally defined as earnings of more than 20 percent or more.