Edited by porsche911sg, 13 November 2009 - 12:48 AM.
Importance of nikkei non reaction to spx
Started by
porsche911sg
, Nov 13 2009 12:40 AM
2 replies to this topic
#1
porsche911sg
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Posted 13 November 2009 - 12:40 AM
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#2
porsche911sg
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Posted 13 November 2009 - 12:54 AM
Although the spx graph made a "bottom" and moved from 800 to 960 a 20% move, the nikkei only managed a 5 % move sure this sound misterious. so I went short at 960s. lows were made as we can see from the photos we can't use the graph comparision function analyse because of the compression hence I will hand draw them when ever necessary.
You see the nikkei hardly moved from late july till now a bad sign that the whole more on spx from 960 could taken off completely.
It took another four months for the markets to bottom from July again!! to Nov!! Sounds like de ja vu all over again! terrible technical strong rallies.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#3
ogzpy
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Posted 13 November 2009 - 05:28 PM
I'm looking at Japanese financial companies MTU, MFG, NMR seem to want to retest the March low.
Although the spx graph made a "bottom" and moved from 800 to 960 a 20% move, the nikkei only managed a 5 % move sure this sound misterious. so I went short at 960s. lows were made as we can see from the photos we can't use the graph comparision function analyse because of the compression hence I will hand draw them when ever necessary.
You see the nikkei hardly moved from late july till now a bad sign that the whole more on spx from 960 could taken off completely.
It took another four months for the markets to bottom from July again!! to Nov!! Sounds like de ja vu all over again! terrible technical strong rallies.
