Thursday, August 12, 2010

Tricky Nikkei

Japan is upset the Yen is so strong, and looks like the dollar is about to go on a rally.

Yet the Nikkei has an awesome chart here.   But a drop from here goes against the two above theories.  

Tricky, very tricky.

3 comments:

  1. Sudden euro drop? Denninger wrote what I was thinking, http://market-ticker.org/
    Rut leading the way. SRS lagging everything, it should play catchup soon. Radars on code red. Staying short over weekend.

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  2. See new post, does look like Euro could plummet.

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  3. Dennigers chart is dramatic, but represents a drop of .6 penny, which is actually quite normal in Euro trading....not in the latest slog upwards so much...but I have seen moves of a penny in 5 minutes, not based on any news, just trading.

    Denniger is dramatic, bless his soul....I like his work too.

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Insightful and Useful Comment!