The Baptist
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Anyone else like the chart for the Nikkei225. I have posted a monthly one. Continuation pattern?
Nikkei Lookin' Good?
- Thread starter The Baptist
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pssonice
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NIKKEI is looking great
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Tokyo Power Failure Has Minimal Impact On Business
BOJ: Early Fund Injection Aimed At Stabilizing Mkts
Money Market Participants Return After BOJ Ends Loose Policies
Sanyo Shinpan Says 2 Of Its Own Doctored Court Documents
3 Megabanks Beefing Up Protection For Elderly Investors
Stocks Help Pension Fund Assn Log Record 22.7% Return In FY05
10 Regional Banks See Net Profits Up 30.5% For April-June Qtr
Hokuetsu Bank To Reject Oji Bid For Hokuetsu Paper Stock
Changing Interest Rate Climate Boosts Forex Trading
Pension Fund Association Adopts Russell/Nomura Prime Index
The Baptist
Established member
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Yen weakness, Good for JPN stocks?
Nice Post, interesting.
The Yen is typically strong on a seasonal basis in August, yet it is at all time lows to GBP and fairly weak on many other crosses. This could also make good quality Japanese stocks appear as value to outside instituitional money.
pssonice said:
Nice Post, interesting.
The Yen is typically strong on a seasonal basis in August, yet it is at all time lows to GBP and fairly weak on many other crosses. This could also make good quality Japanese stocks appear as value to outside instituitional money.
Not lookin' so good right now.......
Nikkei 225
http://www.futuresource.com/charts/charts.jsp?s=SNIY
It's been interesting scalp today as we bounced off new lows......... but signs are we go to 15500-15400 before any significant rally. If I'm wrong then rally starts very soon and we all know when Nikkei moves there's plenty of points on offer.........even if we never reverse this slider we're in.
There's also the possibility faint at moment that we may have started a bear campaign - shsh.....!
Nikkei 225
http://www.futuresource.com/charts/charts.jsp?s=SNIY
It's been interesting scalp today as we bounced off new lows......... but signs are we go to 15500-15400 before any significant rally. If I'm wrong then rally starts very soon and we all know when Nikkei moves there's plenty of points on offer.........even if we never reverse this slider we're in.
There's also the possibility faint at moment that we may have started a bear campaign - shsh.....!
Japan looking very interesting.....................
Recovery highs around 17k ........in 4th drive up I suspect we are heading for a test of the 17600-650 highs. But if there is any more effing about due to Thai exchange controls or whatever you care to name we could be on our way to retracement-ville......... and a move down to 16650ish. Closed at 16776.
Nikkei is a bit stretched and at highest since summer lullls.......it must drive on here or the bears will be havin' a not so quiet word.
Some see that last nights pbk was excuse to test recent break of downtrend ..maybe maybe not ....
What I do "believe" is that we must march on .....or else . This means tonight (early Wed morn) we are looking for inside day below 16950 or an up bar ...exceeding 16950 for a (bullish) one day counter trend.
Nikkei is my favourite index right now.................
1) Sages say it's going to 20k .......mmmmh! But who am I to disagree............
2) If and when the muck hits the fan N225 (and Hang Seng) can party like the best of them
3) N225 can be traded around the clock (shame india, hong kong and spain can't do same)
We are in slightly uncertain times with "surprise" news out of Thailand........... it looks suspect....but maybe I'm seeing things.
It might pay to prepare for more turbulence even if it doesn't happen this time around.....
Conjecture aside .................you want points, vol and steady trending...... N225 is IT!
Over and out
Recovery highs around 17k ........in 4th drive up I suspect we are heading for a test of the 17600-650 highs. But if there is any more effing about due to Thai exchange controls or whatever you care to name we could be on our way to retracement-ville......... and a move down to 16650ish. Closed at 16776.
Nikkei is a bit stretched and at highest since summer lullls.......it must drive on here or the bears will be havin' a not so quiet word.
Some see that last nights pbk was excuse to test recent break of downtrend ..maybe maybe not ....
What I do "believe" is that we must march on .....or else . This means tonight (early Wed morn) we are looking for inside day below 16950 or an up bar ...exceeding 16950 for a (bullish) one day counter trend.
Nikkei is my favourite index right now.................
1) Sages say it's going to 20k .......mmmmh! But who am I to disagree............
2) If and when the muck hits the fan N225 (and Hang Seng) can party like the best of them
3) N225 can be traded around the clock (shame india, hong kong and spain can't do same)
We are in slightly uncertain times with "surprise" news out of Thailand........... it looks suspect....but maybe I'm seeing things.
It might pay to prepare for more turbulence even if it doesn't happen this time around.....
Conjecture aside .................you want points, vol and steady trending...... N225 is IT!
Over and out
Nikkei makes new recovery highs today at 17185 and looks bound for year highs at 17600ish....
Looks like the little wobble last week was a test/confirmation of the break of the downtrend from Year highs........
If Nikkei agrees ........ hello 17600 ?
Longest upwave since Jun lows was around 1000pts.
The November upwave will equal 1000tpts if we get to 17600!!!!
Perhaps old highs might be nice low risk short ? Either way Japan can't keep this pace up without a breather....... but with no position yet I can wait!
Looks like the little wobble last week was a test/confirmation of the break of the downtrend from Year highs........
If Nikkei agrees ........ hello 17600 ?
Longest upwave since Jun lows was around 1000pts.
The November upwave will equal 1000tpts if we get to 17600!!!!
Perhaps old highs might be nice low risk short ? Either way Japan can't keep this pace up without a breather....... but with no position yet I can wait!
Nikkei gaps to new swing highs at arounnd 17261..........
Is this gap bullish or an exhaustion..... ???
I'll be watching to see if the day low of 17207 gives way tonight (Thurs - tokyo time...)
gap is now 17185-17207.
US trade quotes might also give an indication pre Tokyo.........
Is this gap bullish or an exhaustion..... ???
I'll be watching to see if the day low of 17207 gives way tonight (Thurs - tokyo time...)
gap is now 17185-17207.
US trade quotes might also give an indication pre Tokyo.........
andycan said:
Yep you told me ahead of time......
Nikkei gapped to 17301 this morning then gave it all back as it tested 17163 closing the gap mentioned Wed. at 17185... N225 did try a bounce after that but it was feeble testing yesterday's high at 17260-ish.
So outside day and new swing high.........getting very interesting..
Closed up one at 224 but trading in US at 294 i.e virtually at the highs........
Should be a lovely NYears present ....
The Stalker
Friday - Nikkei tested the upside at 17281 but got rejected and made u-turn to close on the lows making it a weak looking inside day.
Daily range 281/225 - was pretty small at 56pts..... which hints at some sort of range expansion early next week.
We have a set up with outside day then inside day - so break of 281 or 225 should produce a decent directional move.... I actually want it to go up some more to test the highs of year........ because my current position is pretty minor ....and anyway 17600 or so is better (lower risk) short opp.
Time will tell.........but for once I don't really mind which way it goes.
Japan will be one of the jumbo trades of the New Year - we just need patience!
Daily range 281/225 - was pretty small at 56pts..... which hints at some sort of range expansion early next week.
We have a set up with outside day then inside day - so break of 281 or 225 should produce a decent directional move.... I actually want it to go up some more to test the highs of year........ because my current position is pretty minor ....and anyway 17600 or so is better (lower risk) short opp.
Time will tell.........but for once I don't really mind which way it goes.
Japan will be one of the jumbo trades of the New Year - we just need patience!