its certainly looking promising for shorts Can - if we can take out the recent lows we could well be into big wave 3 down which will be fast & long if it gets going - definitely don't want to be standing in the way of it. In Aus we've retraced around 50% of the drop from the high so that could do it for wave 2. Only fly is there was some major pumping going on in Europe o/night, around 100bn EUR which could hold things up for a bit
On the US side I got an EW count o.night for S&P from one of the major European banks suggesting S&P is heading into the mid 1,300's. If that happens we should expect to see several hundred pts come off Aus in the process - i.e., 5,400 if not lower
Interesting Edwood, i did a quick estimate and got 5500, but i thought it sounded to crazy to post! LOL!
thanks for the GAP info. What do you think the Aussie 200 will do on the open? Its already down alot.
Cheers,
Come again?!Hong Kong just lost thier futures exchange apparently. I'm in an open posi too....short....
Cheers,
Come again?!
Apparently they lost thier futures system...its down....IG said they can't get pricing from them, same for the H Shares...anyone know any different?
Cheers,
Aug. 10 (Bloomberg) -- Hong Kong raised typhoon signal No. 8 as winds caused by a tropical cyclone strengthened, the Hong Kong Observatory said. The city's stock market closed at 2:45 p.m. instead of 4 p.m., Hong Kong Exchanges and Clearing Ltd. said.
I thought the KOSPI was going to recover, but its testing those lows again!
USD/JPY at support and holding.
Cheers,
What the hell just happened to the Nikkei?
make sure you are watching the reaction to the nikkei's sell off when the HSI opens in a few minutes. That's going to be brutal.
Anyone looked at the U.S futs? Dow off nearly 140 already. Looks like we are a good chance for another big gap down in the U.S tonight. Wonder if the cavalry have any money left to bid it up again??
You messing that up Professor?
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