A friend of mine called me to say that another prominent technical analyst suggested that the Nikkei would go to zero in the next couple of years. While anything is possible, I had to ask the question, "Is it probable?"
The answer is "not likely." Instead, I took a look at the wave relationships and determined another scenario that suggests the Nikkei may live to fight another day.
Take a look and send feedback. I'll add to this post over the next week or two as other scenarios are brought forth.