10 replies to this topic

[thespookyone]

The candlestick at the close on the NDX could easily turn in to a habging man with a gap down, or long black candle Friday-and my thought is we'll get both. Hard for me to like this low volume runup, combined with the weak advance decline. The 3 EMA looks about to cross the 8 EMA down on the hourly(ten day time period) which is one of my favored signals. I bought QQQUW Q puts at .65 today(1:06)-and like my chances here.

[thespookyone]

Or, a hanging man, for the folks that spell better.

[Trend-Signals]

Market internals A/D issues 1.41 1.03 A/D volume 2.58 1.28 Market Internals Issues NYSE Nasdaq Advancing 1,922 1,502 Declining 1,363 1,459 Unchanged 83 129 Total 3,368 3,090 Ratio Advancers to Decliners 1.41 1.03 Volume Advancing 909,219,000 946,350,000 Declining 356,760,000 737,770,000 Unchanged 4,802,000 10,702,000 Total 1,270,781,000 1,694,822,000

[SemiBizz]

QQQQ is getting hammered in afterhours.. just broke 49

[Jnavin]

I like "habging man" better.

[thespookyone]

QQQQ is getting hammered in afterhours.. just broke 49

Must be the lynch mob.

[SemiBizz]

NDX Futures - 5.50

[selecto]

This candlestick trading site only goes long on candlestick setups. It has been flat NDX since 8-27.

Semi, Why are we down. News or sameo, sameo?

Edited by selecto, 13 September 2007 - 07:08 PM.

[DonBart]

Semi, Why are we down. News or sameo, sameo?

Yen going to the moon in AH, looks like another Domino is falling... Get ready for MAJOR CRASH tomorrow!

"Yen Gains on Report U.K. Home Lender Sought Emergency Funding

By David McIntyre

Sept. 14 (Bloomberg) -- The yen gained against the dollar, euro and pound after the British Broadcasting Corp. reported U.K. home lender Northern Rock Plc applied for emergency funding from the Bank of England, spurring investors to repay loans in Japan.

Japan's yen has strengthened against all 16 most-active currencies in the past two months as losses stemming from U.S. subprime mortgages prompted investors to reduce riskier investments in higher-yielding assets. The yen also advanced against the Australian and New Zealand dollars, favorites of so- called carry trades.

``Northern Rock isn't a small company and it caused another round of risk aversion,'' said Tony Morriss, a currency strategist at Australia & New Zealand Banking Group Ltd. in Sydney. ``The yen gained on this and the pound was slammed.''

Japan's currency rose to 114.76 per dollar at 8:21 a.m. in Tokyo from 115.08 late in New York yesterday. The yen advanced to 159.16 per euro from 159.79 and may reach 158.50 today, Morriss forecast.

The yen climbed 0.8 percent versus the pound to 231.26 and has risen from a 16-year low of 251.14 yen reached July 23. Against the Australian dollar it rose 0.8 percent to 95.72 yen and versus New Zealand's it added 0.9 percent to 81.22 yen.

The loan to the Newcastle, northern England-based mortgage lender would be provided at a punitive rate of interest, the BBC said on its Web site, without specifying how much the loan would be or the rate of interest.

Northern Rock gains a higher proportion of its funding from the money markets than rivals such as HBOS Plc that can rely on customer deposits, making it more vulnerable to rising borrowing costs, Collins Stewart analysts have said. A BOE spokesman declined to comment when contacted by Bloomberg News.

The U.K. central bank yesterday relaxed restrictions on the amount of money financial institutions need to hold with the central bank, encouraging them to lend more to each other.

Weekly Loss

Japan's 0.5 percent interest rate is the lowest among major economies. That compares with 4 percent in Europe, 5.25 percent in the U.S., 5.75 percent in the U.K., 6.5 percent in Australia and 8.25 percent in New Zealand.

In carry trades, investors get funds in a country with low borrowing costs and invest in one with higher interest rates, earning the spread between the borrowing and lending rate. The risk is that currency moves erase those profits.

Japan's currency still headed for a weekly decline against all 16 of its most active counterparts as lower volatility in foreign-exchange markets and rising stocks encouraged purchases of higher-yielding assets overseas.

Implied volatility on one-month dollar-yen options remained unchanged at 11.38 percent from yesterday, when it touched 10.45 percent, the lowest since Aug. 10. Lower volatility may encourage carry trades, as it implies smaller exchange-rate fluctuation risk.

To contact the reporter on this story: David McIntyre in Sydney at dmcintyre2@bloomberg.net "

[SemiBizz]

NDX futures still falling - 8.50