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Nikkei 225 tested the 200 dma from the bottom


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#1 arbman

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Posted 15 August 2007 - 12:45 AM

This is not a good for the long term bullish case at all. If it does not recover immediately, probably latest by next week, this appears to be a genuine slow down of the world markets. It doesn't look much different for the US markets, this pop of the credit bubble business is pretty serious globally...

http://ichart.finance.yahoo.com/z?s=^N225&t=2y&q=c&l=on&z=l&p=m50,m200&a=v&.png

http://ichart.financ...0,m200&a=v&.png

http://ichart.financ...0,m200&a=v&.png


- kisa



#2 atlasshrugged

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Posted 15 August 2007 - 12:49 AM

This is not a good for the long term bullish case at all. If it does not recover immediately, probably latest by next week, this appears to be a genuine slow down of the world markets. It doesn't look much different for the US markets, this pop of the credit bubble business is pretty serious globally...

http://ichart.finance.yahoo.com/z?s=^N225&t=2y&q=c&l=on&z=l&p=m50,m200&a=v&.png

http://ichart.financ...0,m200&a=v&.png

http://ichart.financ...0,m200&a=v&.png


- kisa



do you live in Redondo Beach? I lived in Manhattan Beach/ Hermosa for 13 years before moving to Vegas!

#3 youmast

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Posted 15 August 2007 - 01:04 AM

Iron, please tell me what was a reason to copy kisa's message? Just to ask a question that has nothing to do with kisa's post? Yeah, I know... everybody does this. But perhaps it would be better to click on "Add reply" instead of "Reply" button. What do you think? (click on "Add reply", save Mark's space! ) :)

#4 atlasshrugged

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Posted 15 August 2007 - 01:27 AM

sorry

#5 arbman

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Posted 15 August 2007 - 01:50 AM

I live in Redondo Beach, CA. I've been here for 7 years, I used to live in Marina Del Rey before for about 4 years --where I used to rent. No airport noise anymore, but not a waterfront property anymore either... :P

#6 dcengr

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Posted 15 August 2007 - 02:07 AM

We need to keep an eye on the Yen.. currently, it appears its breaking out here...with tonights values.

Which could be the reason why world markets are volatile tonight. As much as I wanna bottom pick from sentiment and other technical factors, a voice on the backside of my head says there might be something fundamental going on...

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Edited by dcengr, 15 August 2007 - 02:08 AM.

Qui custodiet ipsos custodes?

#7 SilentOne

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Posted 15 August 2007 - 05:45 AM

Bullish the yen and the NIKKEI? Could be a place to accumulate/add to long term positions IMO. 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