Nikkei futures down 12.5%

aeliodon · Oct 9, 2008

Quote from dhpar:

no - it would be reason to sell......

Yes but technically is a 20% move to the upside a bull market?

A 20% move to the down side is a bear market.

dhpar · Oct 9, 2008

Quote from Cutten:

65 points.

So far the Nikkei trading is thin as hell. IMO there's a good chance of some govt intervention from Japan, maybe close the exchange, maybe call the brokerages and tell them to buy like in 87. If there isn't big institutional buying by the close of morning session, it's likely. So be careful out there.

thanks.

i was more or less joking anyway...

Dali could not get it more surreal.
cheers

Trendytrader · Oct 9, 2008

Check out the yen did I just see 98.4 print?

aeliodon · Oct 9, 2008

Nikky hit an ALL TIME LOW.

Cutten · Oct 9, 2008

Quote from dhpar:

thanks.

i was more or less joking anyway...

Dali could not get it more surreal.
cheers

I have a printout of all the exchange limits by my desk

Can't be too prepared in these conditions.

8300 now Nikkei. Buy dips IMO, this could go up another 500 points.

dhpar · Oct 9, 2008

Quote from Trendytrader:

Check out the yen did I just see 98.4 print?

yup. below 98. eurjpy below 133 etc etc

aeliodon · Oct 9, 2008

NWO Mofos are behind this.

dhpar · Oct 9, 2008

Quote from Cutten:

I have a printout of all the exchange limits by my desk Can't be too prepared in these conditions.

8300 now Nikkei. Buy dips IMO, this could go up another 500 points.

no way i buy this market. the least i want is to get locked limit down in long nky over the weekend...

Daal · Oct 9, 2008

SKorea bonds are soaring and stocks down 9%

mokwit · Oct 9, 2008

Quote from tds551:

Live to trade another day gentlemen. No time for heroes.

Agree. This is the best advice out there. You don't know what shit a desperate government is going to pull. Put a hedge on my currency hedge on my USD denominated account as it is MTM in RT.

I suspect exchange closures are likely. You risk shorting into a situation where the exchange is closed and there is some international accord that will inevitably be promoted to the masses as bullish - the Government will buy stocks to prove it is bullish. The low risk opportunities are AFTER the storm (not saying you can't have fun with small).

You may be able to get cash out of a brokerage account if it is cash, but not if it is stock and the exchange is closed. They closed the exchanges for YEARS in the past (war).