Black Week (Mar 5 - 9)

Just like when the Yen dropped below 110 last May and the whole world came to a screeching halt?!

Quote from ByLoSellHi:

The yen is strengthening again.

If the yen rises to 110 to the USD, we will have a drop in the global equity markets that will rival that black day in 1987.

In fact, anything under 113ish will begin a devastating sell off.

That's not opinion, it's fact. It will have the exact same impact as a massive margin call on trillions of borrowed dollars by the Japanese Central Bank.

In the process of repatriating those dollars back to Japan, many, many hedge funds, mutual funds and other institutions will have to quickly liquidate large positions in equities and commodities. They will feel an urgency with each uptick of the strengthening yen, which will cost them huge amounts of losses.

If you think it can't happen, you ignore history at your own peril.

"They won't let it happen?" Tell that to the Japanese who are finally seeing inflation at home again, after 15 years.
More...
 
Opps....yen carry trade is unwinding as we speak....nikkei down already in today's session....as is the ASX. Next two days will be very telling.

The bull's (Kudlow & Cramer & CNBC) already sucked into dead cat bounce.
 
Quote from dhpar:

whoa - exactly as expected. Nikkei was way oversold.
More...

these were nice swing trades on the long side...

wonder if this upmove will get faded or get bought tommorow.. It looks identical to Tuesday's, and despite lack of conviction on Weds, at least the market didn't -really- sell off.

Asian markets guide everyone down, as well as up. It all hinges on the JPY....
 
The Asians as well as the Euros are way up...this one was with conviction guys. Will be a very interesting day...I think we'll see that lingering that happened yesterday turn into heavy buying today.


It's all about crowds right now.
 
Should be a strong open here in the US. Futures are up nicely. Whether the markets hold -- as was the case on Tuesday -- will determine just how bullish the bulls remain...
 
sp bounced off 1374.07 low, currently 1402.85. I'm thinking at most 50% fib retracement to about 1418 before rollover. Either that or we're rolling over now.
 

Attachments

You must log in or register to reply here.
Back
Top