Lisa,
Just checked the Asian markets and it is mixed. HK up 1+%, Korea down slightly, JAPAN up 45 points, and the rest of Asia, mixed as well.
Japan, at the open actually gapped down and dropped 200 points and ran up into positive territory by about 200 points and now heading flat. If JAPAN was to close flat, it would form a DOJI, which would be a reversal signal. Believe me, the Japanese traders know what that means, so we could see a reversal in the JAPAN market as soon as tomorrow, or even later tonight. I do not believe it is anything more than profit taking if a reversal starts in Asia
Some of the Asian markets already started their reversal today.
Looks like there may be a little negative pressure from Asia for tomorrows trading, nothing substantial, but should intensify by tomorrow night.
So maybe this pullback could start as soon as tomorrow, or at least a topping off.
seeya |
