Japan have experienced the worst Tsunami ever on March 11, 2011. It has wiped of the entire city and claims thousand of lives. On March 14, Nikkei has sunk by more than 6% which is a multi year high drop in a single day.
Grab on those Japanese Balloons if you want to save your life!
Click on the above chart to enlarge
The very important question that all my loyal readers want to know is will US be next to sink? I am sad to announce the news that yes, indeed! US have already sunk on the 22nd February, 2011 with a long candlestick down which is extremely bearish.
The sinking of Japan has nothing to do with the entire world equity market showing bearish sign. In fact Japan has also sunk much earlier than that. If you look at the chart below, Nikkei has infact sunk on the 22nd Febraury, 2011.
Click on the above chart to enlarge
Coincidently both the MACD and Stochastic Indicators on both chart also indicates that the actual reversal of the bullish trend for the both chart actually happened on the Feb 22nd, 2011.
Another regular and loyal visitor to my chart Mr. Dp also agreed to my idea above. Please read our chat below starting from the very bottom.
Edmund: u will like it trust me
15 Mar 11, 12:51 AM
Edmund: i totally agree that is why i am going to post on this, please refer to my latest post in 10 minutes
15 Mar 11, 12:29 AM
dp: this trade has a 75% chance of making big $$ as well as other indicators also supporting this down direction right now.plus of course the quake ect
15 Mar 11, 12:27 AM
dp: that would be your stop , any close above 1294 once triggered
15 Mar 11, 12:26 AM
dp: the only rule if you take the short play is that if we get the close below 1294 and then it CLOSES ABOVE 1294 there after EXIT THE TRADE
15 Mar 11, 12:21 AM
Edmund: i think this market has nothing to do with the kamikaze earthquake
15 Mar 11, 12:20 AM
Edmund: hi dp, i agree with what you have said
15 Mar 11, 12:16 AM
dp: vs my target of 1256, if we CLOSE under 1294 today we are heading down so take a short on the close below 1294 and ride it for 40 s/p points lower . either use the bgz or the tza
15 Mar 11, 12:13 AM
dp: ed i willmake this statement. this eartquake has nothing to do with the market going down. the decline started at 1344 14 days ago. what might happen though is we can go to 1180=1220 due to thequake
14 Mar 11, 11:22 PM
dp: remember the CLOSE not the intra day low
13 Mar 11, 12:44 AM
RT: However - market seems to do the un-thinkable hence why I am cash right now, waiting for direction. The action on Thursday could have been a bear trap
13 Mar 11, 12:43 AM
RT: Meant to say- "I think the market top MAY be 1360-1370"
13 Mar 11, 12:42 AM
RT: DP - I like your thinking. I tend to agree. Either way, I think the market top is 1360-1370, for now. With earnings season around corner, i could see us getting up there
12 Mar 11, 11:39 PM
dp: i would start layering in shorts at 1313 with final short at 1323 if we get there. your STOP is 1333. take the CLOSE above 1333 long for a target to 1365 or take the CLOSE below 1294 to 1256 im short
12 Mar 11, 11:30 PM
RT: Looks like we get a bounce on Monday. I am not sure how far this goes, but I expect to 1318-1320
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