22 replies to this topic

[NAV]

No i am not talking about S&P. I am talking about Japan's Nikkei. True massacre. Did any money flow indicator predict it ?. No it did not, and it cannot. That's why traders use caution and most importantly stops. I don't trade Nikkei, but my jaw dropped when i saw the charts today.

[no_mind]

Volatility in the Japanese markets is so commonplace. Being down 5 or even 7% is nothing to them while if we experienced that kind of volatility here in the U.S., everyone would be screaming "Crash" and wetting their pants.

[NAV]

Volatility in the Japanese markets is so commonplace. Being down 5 or even 7% is nothing to them while if we experienced that kind of volatility here in the U.S., everyone would be screaming "Crash" and wetting their pants.

Oh really ? Top to bottom move in Nikkei futures today is nearly 2000 points. That's nearly 13%. When was the last time you saw that kind of volatility in Nikkei ?

[CLK]

I had a target of 15k in Jan. The index has nearly doubled since Nov., pullback was inevitable. I think the markets have entered an IT consolidation now before moving higher again.

[andiron]

and andiron is back ..kicking money flow (sic) to the rump..

[arbman]

I guess this overnight action may mark the opening lows in US, but I wonder where the markets will close on Thursday when the opening gaps are not closed...

[CLK]

I am moving my 401k to cash today as I am in exteded market and had a sell on IWM.

[ogm]

Falling Yen, apparently is bad for Japaneese bonds. And since just about every day they open limit down and yields are rising, it turned out to be also bad for oveleveraged Japaneese banks and stocks. Who would've thought. It was supposed to be one of the safest assets in the world. Go figure Add to that bad data from China, Japan's largest export market, and you have a recipe for disaster. The reality is everyone is overleveraged into the short Yen, chase yield, and all kinds of idiocy. So once something start snapping, like JGBs, the cascade effect has started all over the world. But no worries the Fed can fix that. After all they did such a great job of keeping the markets sane and reasonable so far. Its not like the whole world is overleveraged into the same crowded trades.

Edited by ogm, 23 May 2013 - 06:38 AM.

[fib_1618]

and andiron is back ..kicking money flow (sic) to the rump..

Don't get too comfortable!

Fib

[K Wave]

I guess this overnight action may mark the opening lows in US, but I wonder where the markets will close on Thursday when the opening gaps are not closed...

Yep, my targets already hit for the swing trade, out of ES at 1635 and TF at 970...

now we see about any bounce, or if bears are finally ready to do something more meaningful...