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Strategies & Market Trends : January Effect 2006 -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (61)1/17/2006 3:58:13 AM
From: RockyBalboa  Read Replies (1) | Respond to of 79
 
The misery started in Japan where the index fell 2.8% amid a corporate scandal involving a company named "Livedoor".

Softbank is off 11% and Yahoo Japan some 8.4%.

All in this is still a pretty thin story for a worldwide selloff in unrelated markets. However, many analysts were pounding the table for a correction and here we go.

By my calculations, the RUT future should hit about 700. Currently it is still at 709.