You should take a closer look at the Nikkei the last few days. If the US markets are to follow, you can see what sort of blood bath can happen.
Its practically melting down.
However, after today, I think it will bounce as its hit extreme territory. Wow, RSI5 below 8.. thats pretty low.
And if the US markets will follow, means it would have to melt down few more days.
Staying flat right now.. may short some OIH with puts later tho.
Look at the Nikkei..
Started by
dcengr
, Jan 16 2008 01:50 AM
5 replies to this topic
#1
dcengr
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Posted 16 January 2008 - 01:50 AM
Qui custodiet ipsos custodes?
#2
donone
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Posted 16 January 2008 - 02:50 AM
As I said last night, there is real fear down in the Pacific.
#3
101001000x
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Posted 16 January 2008 - 03:08 AM
dcengr,
Was trying to log onto your Google blog and it said that I needed to be invited. Is there a way to get access to read about your 1937 similarities?
Thanks
Howard
#4
donone
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Posted 16 January 2008 - 03:11 AM
The Hang Seng down 5.3%, the biggest fall since 9/11.
#5
eminimee
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I don't care who's fur is flying...
Posted 16 January 2008 - 06:46 AM
NIKK closed around 13500 last night...not on here...
I'm looking for a bottom anywhere from here down to 13000 fwiw. I was looking for the 06 lows to hold...but that's history now.
http://stockcharts.com/c-sc/sc?s=$NIKK&p=M&st=1994-09-17&i=p14755062518&a=96160131&r=8318.png
I'm looking for a bottom anywhere from here down to 13000 fwiw. I was looking for the 06 lows to hold...but that's history now.
http://stockcharts.com/c-sc/sc?s=$NIKK&p=M&st=1994-09-17&i=p14755062518&a=96160131&r=8318.png
#6
SilentOne
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Posted 16 January 2008 - 07:45 AM
I'm looking for a bottom anywhere from here down to 13000 fwiw.
Yes I am looking for a bottom too. I plan to shove about 25% of our assets into Japanese related plays. Looks like it continues down into next week min.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
