11/23/2009

Chart Chatter

NIKK chart While so many are watching nothing but the Dow, the dollar and gold, Japan’s Nikkei has quietly started to roll over again.

 

Chart courtesy of StockCharts.com

Posted: 8:14 pm

3 Comments »

  1. More on Japan. Who’s next?

    “Many market observers believe that Japan could be the first domino to fall, with fears of a government debt default causing their stock market to retest the March 2009 lows. Should that domino fall, it would hit the US hard, which in turn would hit China, Canada, Germany, Italy, India, etc… as the global dominoes fall one by one. With government stimulus packages winding down, now is the time to prepare your short-side strategy for such a possibility.

    Comment by BMB — 11/25/2009 @ 8:29 am

  2. I typically watch the Nikkei for signs of how the Dow will do in the US. I anticipated today being a sell-off until the end of the day, and then Friday stocks should shoot up 2 or 3% (avg). But then only about 50% of holidays are bullish. I’m sure the first time I buy right before a holiday the market will tank the day after.

    Comment by Andrew — 11/25/2009 @ 8:33 am

  3. Other sovereign defaults a concern as well. Gap up in Euro, dollar down, stocks not responding.

    Comment by BMB — 11/25/2009 @ 8:47 am

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