Nikkei Tanking

chasinfla
agreed. to some extent the us have been pumping money into the stock market either. not that obviuos but ... maybe ...


peace
 
Hello, posting an index trade her, just for fun. Long on close above 8000 according to prior post. Look at huge volume bar YD. Also some confirmation from oversold stoch for those who look at that indicator. Target here 8250. If crosses above 8200 place stops just under. Re-enter longs if/ when it crosses 8500 on closing basis. If else looking to further downside once received kiss of death from resistance at 8250-ish.

Quote from joethemoustache:



For the long-only crowd, prudent entry if this turns out to be a false break could be around 8500 with stops round 8250. Or if it proceeds to close below 8000, buy on an upward crossing of the same figure looking for 8250. Different kind of play though.
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sounds like a reasonable trade to me. 'though there is literally no support to the downside I would say there is a lot of reluctance to let it drop further. but once it crosses 7.900 I guess a short with a stop at 8050 and a take profit in form of a break even stop at 7600 could do well either. I agree on the upside. Breaking again mit 8000nds should spell long.

I would not place any long term bets.

peace
 
DJ Summary Of Japan Indicators Due This Week, Out Last Week

TOKYO (Dow Jones)--Following is a summary of major indicators due for release
in Japan this week, and those out last week.

This Week Forecast
Date Indicator Month M/M Y/Y Figure
None scheduled for this week.
Note: March 21 is a national holiday (Vernal Equinox Day).

Last Week Result
Date Indicator Month M/M Y/Y Figure
Mar 10 Money Supply Feb N/A +2.0% N/A
Mar 10 Bank Lending Feb N/A -4.4% N/A
Mar 12 Current Account Jan N/A N/A Y427.1B
Mar 12 Machinery Orders Jan +7.0% +18.8% N/A
Mar 13 Corporate Price Index Feb +0.2% -0.9% N/A
Mar 14 Electric Power Output Feb N/A +3.5% N/A
Mar 14 Corp Insolvency Feb N/A -7.4% N/A
Mar 14 Revised Indus Production Jan +2.0% N/A N/A
-
-Tokyo Bureau, Dow Jones Newswires; 813-5255-2929

(END) Dow Jones Newswires
03-16-03 1800ET- - 06 00 PM EST 03-16-03
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For the record: Stopped out for a loss on downward crossing of 8000. Now looking more like consolidation with further downsde to follow. Could surprise with upward move, but not worth a bet. Time will tell.

Quote from joethemoustache:

Long on close above 8000 according to prior post. Target here 8250.
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03/19 - 12:44
7,837.14 -117.32

TOKYO (Kyodo)--Tokyo stocks retreated Wednesday morning, sending the key Nikkei index to a new 20-year low ahead of a looming U.S.-led war on Iraq. The 225-issue Nikkei Stock Average fell 92.77 points, or 1.17%, to end the morning at 7,861.69, dipping below the March 11 close of 7,862.43 and hitting the lowest level since the 7,803.18 close registered Jan. 25, 1983.
 
Quote from DT-waw:

Yes, Nikkei is tanking and probably the worst is yet to come. Look at U.S. stock index, Dow Jones Ind. Average. The average return per year adj. for inflation is only 2.738% in 1913 - 2002 period. From 1913 to 1982 there was no real growth :eek:
If DJIA will fall to 5,300 there will be zero real growth from the 1965 peak.

Source: http://people.internet2.edu/~shalunov/stock-market/
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Dt-waw, be aware that those numbers do not include the reinvestment of dividends, which, if I can remember correctly, have averaged slightly over 4% over that time period; which, of course, would significantly improve those returns.

(But I give you an A+ for shock value!:) )
 
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