we are staying short here in the nasdaq. not covering and not going long due to gap up. sliding stops up to 2133 where we will stop and reverse surfer:eek:
with tight stops @ 2131 compx where we will reverse back short . long here nas. still short dow. surfer
us $ huge move today. that brings overseas money into the market because if they time it right they get stock gains plus currency gains for a double wammy.hard to fight.
Vhehn, Global equity markets have become so mature in recent years that the inflows of foreign capital into U.S. stocks is becoming negligible on a pct basis. However debt markets here are increasingly dependent on overseas flows. IMO thats why bonds have struggled since last summer while stocks have had virtually 100% correlation to the weaker dollar.
I admire that, going short before the blowoff and covering like a man, but your next trade is definitely going to be sweet. QQQ ~40 and SPY ~115 are going to be great short entries.
The Jakarta Futures Exchange - (heaven forbid anyone should trade there!) http://www.bbj-jfx.com/ Then many other exchanges list here: http://www.boursesworld.net/countriesasia.htm My favorite: The Kyrgyz Exchange! Thats Kyrgyzstan btw, a vowel-scarce country. http://www.kse.kg/