chasinfla agreed. to some extent the us have been pumping money into the stock market either. not that obviuos but ... maybe ... peace
Hello, posting an index trade her, just for fun. Long on close above 8000 according to prior post. Look at huge volume bar YD. Also some confirmation from oversold stoch for those who look at that indicator. Target here 8250. If crosses above 8200 place stops just under. Re-enter longs if/ when it crosses 8500 on closing basis. If else looking to further downside once received kiss of death from resistance at 8250-ish.
sounds like a reasonable trade to me. 'though there is literally no support to the downside I would say there is a lot of reluctance to let it drop further. but once it crosses 7.900 I guess a short with a stop at 8050 and a take profit in form of a break even stop at 7600 could do well either. I agree on the upside. Breaking again mit 8000nds should spell long. I would not place any long term bets. peace
For the record: Stopped out for a loss on downward crossing of 8000. Now looking more like consolidation with further downsde to follow. Could surprise with upward move, but not worth a bet. Time will tell.
03/19 - 12:44 7,837.14 -117.32 TOKYO (Kyodo)--Tokyo stocks retreated Wednesday morning, sending the key Nikkei index to a new 20-year low ahead of a looming U.S.-led war on Iraq. The 225-issue Nikkei Stock Average fell 92.77 points, or 1.17%, to end the morning at 7,861.69, dipping below the March 11 close of 7,862.43 and hitting the lowest level since the 7,803.18 close registered Jan. 25, 1983.
Dt-waw, be aware that those numbers do not include the reinvestment of dividends, which, if I can remember correctly, have averaged slightly over 4% over that time period; which, of course, would significantly improve those returns. (But I give you an A+ for shock value! )