|
PureBytes Links
Trading Reference Links
|
Hi DT,
Wednesday, July 16, 2003, 7:02:27 PM, you wrote:
DT> Yuki, The european markets dipped in the beginning, but they seem
DT> to recover. The best chance for GCZ03 is a doji, if it avoids
DT> negative sign again. GCZ volumes increased when prices went
DT> down. Stocks, stocks, stocks !!! The day is still young, we shall
DT> see... Dimitris
We also recovered well off the lows by the end of the day. So, it's
certainly not over yet I'd say. Mainly, it's hard for players here
to get short right now when Globex is up 14 all day on the Intel
news. But seasonally, Tokyo almost has to be in trouble now that
Bastille Day (Hi Steph!) has passed. Couple that with a 28 percent
rise in 10 weeks and I'd almost guarantee it. (NEC and Fujitsu down a
couple percent and more today, stocks that almost *had* to rise on
Intel, but flopped because they've just come too far too fast.) We
may just go sideways for a while of course. But my bet from here
would be an initially very wide-range declining wedge. A bullish
formation, but one that could take a couple of months to play out,
and disappoint longs several times with false "breakouts" and
"support" that doesn't hold. But as I've said many times, even though
I have these opinions, I try and ignore them as much as possible.
They are sometimes very expensive to hold onto.
Best "talking head" contrary indicator of the week: NHK news reports
that now Japanese retail investors are starting to pour into the TSE.
(After a 30 percent run up on mainly foreign institutional buying,
can the end here be far away?) ^^_^^
Foreigners were fairly large net sellers today based on order flow
placed before the open.
Yuki
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Free shipping on all inkjet cartridge & refill kit orders to US & Canada. Low prices up to 80% off. We have your brand: HP, Epson, Lexmark & more.
http://www.c1tracking.com/l.asp?cid=5510
http://us.click.yahoo.com/GHXcIA/n.WGAA/ySSFAA/GHeqlB/TM
---------------------------------------------------------------------~->
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|