big rally Monday? it has been that way for the past two weeks.
NIKKEI futures getting slaughtered.
- Thread starter bond tr4der
- Start date
EUR/JPY is down 400 points so we are going down big anyways.
Futures rising Dow	8,301.00	40.00	0.48 S&P 500	869.30	3.30	0.38 NASDAQ	1,196.50	5.00	0.42 A good sign considering that monday has almost always been a strong day for stocks. Really bad econ numbers are being priced in this week, and the only direction to go is up since everyone already sold. yea..shorts are def. scrwed. They should have covered last week. If the GDP is positive the rally could be huge.
Nikkei not open yet...
But the Hong Kong futres is up 134points already.
Ive been holding long on crude oil ovr the weekened and long on aud/usd, and this dollar strengthing has now just gotten ridiculous!! LOL
And now that all the shock and scare mungering nonsense has gone, the big traders who move the markets will now also start seeing how over sold everything is, and buying back.
But the Hong Kong futres is up 134points already.
Ive been holding long on crude oil ovr the weekened and long on aud/usd, and this dollar strengthing has now just gotten ridiculous!! LOL
And now that all the shock and scare mungering nonsense has gone, the big traders who move the markets will now also start seeing how over sold everything is, and buying back.
Perhaps you should be certain of the validity of your data before you prove yourself a fool with this thread. Singapore futures begin trading at 7:45pm US Eastern time. Coincidentally, 7:45am local Singapore time.
I prefer USD/JPY as an indicator for interplay betw. N225 and US markets but that is because I am US east coast based.*
Either currency pair though - these brutal moves in yen weigh on their markets, carry trade financing outside Japan etc.
*Not to mention the fact that we all have Jap cars because our money is no good and we can't afford nice Eurozone cars!
The Nikkei average closed at 15:00 at 7649.
Nikkei futures closed the afternoon session at 15:10 at 7620.
Nikkei futures closed the evening session at 20:00 at 7300.
The first opening indication at 08:00 this morning is 7470.
Nikkei futures closed the afternoon session at 15:10 at 7620.
Nikkei futures closed the evening session at 20:00 at 7300.
The first opening indication at 08:00 this morning is 7470.
Up we go S&P 500	873.70	7.70	0.8
In my 18 years of trading, I have never seen such extreme sentiment. On second thoughts, perhaps not.
At the end of the dot com bubble there was extreme bullishness -exact opposite to this extreme bearishness in October 2008.
People expect the market to fall everyday, every hour. Just sell short and walk away, come back in a few hours, close the trade with a whooping profit. So easy!
Well, this indicates a sharp rally or two, as much as DOW 1000 points. Deflate the cocky bearish balloon, then bulls takeover in cocky bullishness, and we go back down another 1000 to 1500 points to about 7700.
But, for now, I look for a very sharp bear market rally over the next few days - slaughtering bulls, could go al the way up to DOW 10K, followed by another leg down.
At the end of the dot com bubble there was extreme bullishness -exact opposite to this extreme bearishness in October 2008.
People expect the market to fall everyday, every hour. Just sell short and walk away, come back in a few hours, close the trade with a whooping profit. So easy!
Well, this indicates a sharp rally or two, as much as DOW 1000 points. Deflate the cocky bearish balloon, then bulls takeover in cocky bullishness, and we go back down another 1000 to 1500 points to about 7700.
But, for now, I look for a very sharp bear market rally over the next few days - slaughtering bulls, could go al the way up to DOW 10K, followed by another leg down.