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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Paul M. who wrote (36502)3/3/2002 8:03:30 PM
From: Petrol  Read Replies (2) | Respond to of 99280
 
The nikkei is up because the Japanese government is outlawing short selling.



To: Paul M. who wrote (36502)3/3/2002 11:48:08 PM
From: Psycho-Social  Respond to of 99280
 
"The benchmark Nikkei was up 239.30 points or 2.21 percent"
Be forewarned. On Friday, trader sentiment was already very bullish: 80% bullish 3dy mov ave, 76% bullish 5dy mov ave. I don't follow the Nikkei much, and Jake Bernstein's sentiment indicators are often just short term in their implications, but the last time I used them to advise people to "cover your shorts", we were right at a bottom. Now the Nikkei DSI is at an opposite extreme.


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