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There is no chance in hell to get SPX to 950 unless NDX gets below its 200 weekly SMA, no chance Tommy ;) Long time buddy.

Kyle Bass on Japan, shoot over to 2:25 for Japan issues. <object id="cnbcplayer" height="380" width="400" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" > <param name="type"...

Crosses are nothing more than volatility indications it can fire either way

R:R looks better for some pullback, yet... http://www.dormantrading.com/TraderTools/quotes.htm?page=chart&sym=NQZ10&domain=dtrading&cancelstudy=&a=W&studies=Volume;SMA(200);

I am going to go out on a limb here - indexes will extend gains next week, as weekly TICK is bullish & markets will start pricing in current Q. NDX has broken out it's pretty clear by now. Speculation about QE2 will help markets to advance. Sure enough there might be a pullback which IMO will be...

When you say low 70s are you referring to a measured move of some kind? Even if it is a guess, what makes you think all time low will not hold & Ninja will shed another 10%? TY! Some of my reasonings. http://www.elitetrader.com/vb/showthread.php?s=&threadid=206335

Any figure in mind? High 79s will be tough to take out all things considered.

Even though it is counter trend I like this trade apart from the stop, might as well sacrifice few more pips below all time low ;) Japanese will intervene again & again. http://us.mobile.reuters.com/article/idUSTRE6910IK20101002?ca=rdt

Exclusive: FX moves too fast, too speculative: Japan Quite funny, nevertheless... http://us.mobile.reuters.com/article/idUSTRE6910IK20101002?ca=rdt

Brazil warns of world currency war http://www.telegraph.co.uk/finance/economics/8029560/Brazil-warns-of-world-currency-war.html

Japan Renews Vow of 'Decisive Steps' on Yen "TOKYO—Japan renewed its vow to tame the strong yen, as the currency neared the level reached before Tokyo's Sept. 15 intervention" "Dismissing the latest intervention as a failure, Eisuke Sakakibara, who intervened aggressively as vice finance...

chart posted

Noted TY! I will be using proper risk management, as always. I have read about potential political unease with intervention, yet I believe Japanese will still go ahead, they may simply point at western stock markets' performance & compare to Nikkei, to effectively compete with Chinese we...

Japan FX intervention totalled Y2.12 trln in Sept http://www.reuters.com/article/idUSTKV00642420100930?type=marketsNews

IMO if USD keeps on tanking that will benefit equities & commodities, so no immediate risk aversion, therefore less reason to convert into Yen, especially when fundamental reasons are considered against Yen investment. Pair that with technical reasons (check out cyclical oscillations on Monthly...

C'mon BOJ let's have Daily HL ;) (Ninja)

Nikkei Loses 15% In 1st Half On Strong Yen, Political Woes http://e.nikkei.com/e/fr/tnks/Nni20100930D30SS713.htm (IMO) I am certain Japanese will be doing something very shortly, even radical intervention can not be excluded to compete with the Chinese.

http://www.international-economy.com/TIE_W07_Nakamae.pdf

The reason I keep looking at NDX rather than SPX is because as long as 'old money' remain in tech stocks other indexes will follow Nasdaq, as it is the main driving force of bull market that started back in late 20th century. Remove money from Nasdaq ought to send SPX back to pre-bull levels...