8 replies to this topic

[jawndissedi]

Liquidity junkies scamper to the sidelines as BoJ meeting looms:

"Japan's Nikkei 225 Stock Average slid 1.7 percent to 16,946.89, while the broader Topix index lost 1.5 percent. Companies that outperformed the benchmarks last year, such as Toyota Motor Corp. and Canon Inc., led the slide as investors cut holdings of the shares in case the Bank of Japan raises interest rates next week." -- Bloomberg

[donone]

See of red in Asia and Australia

http://quote.yahoo.com/m2?u

[dcengr]

Tis just a flesh wound. They can still bite.

[James Quillian]

Liquidity junkies scamper to the sidelines as BoJ meeting looms:

"Japan's Nikkei 225 Stock Average slid 1.7 percent to 16,946.89, while the broader Topix index lost 1.5 percent. Companies that outperformed the benchmarks last year, such as Toyota Motor Corp. and Canon Inc., led the slide as investors cut holdings of the shares in case the Bank of Japan raises interest rates next week." -- Bloomberg

I guess folks in Japan and all over Asia must be getting nervous, same as in Brazil and Argentina.
But, there is no reason for concern over here because we have the PPT and the mysterious mechanical bids.

[fib_1618]

slid 1.7 percent to 16,946.89...Tis just a flesh wound. They can still bite.

Agreed. I don't see what the problem is. All it's doing is testing the 20 day EMA.

But I do get a sense of desperation.

Fib

http://stockcharts.com/c-sc/sc?s=$NIKK&p=D&st=2006-04-01&i=t08861914016&r=5330.png

[donone]

Have a look at this live chart for HSI-Talk about volatility

http://www.livechart...ts/hangseng.php

[dcengr]

They're really putting some fear into futures tonight... Just what we need, another gap and an army of traders looking to fill it.

[donone]

There is something going on out there. the Nikkei almost always has a good bounce after the midday break, but today it can hardly muster any strength. Nikkei falling fast again-there seems to be a general liquidation out there of all liquide assets-hedge fund selling????

[no_mind]

I found the following chart of the TOPIX (which Bill uses instead of the Nikkei) interesting in Mclaren's weekly report of 1/8/07. Please click on the link provided as I was unable to get his commentary for the chart to display.