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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (2423)	7/26/2007 8:37:50 AM
From: RockyBalboa	Respond to of 6370

It somehow started in China; indices put in a massive intraday reversal just after hitting new highs (HSI, HSCE). To me it looks like some hot money is selling stocks. No particular reasons only that the usual propping in indices suddenly stopped. German Dax is selling off for a week now, and neither Apple, RIM or AMZN helped the indices. Bad breadth. Over at the dollar thread the folks mused that the feds stopped printing dollars and buying stocks. At the same time all the carry trades dip and dip. The buying pressure in JPY is amazing. Would not be the first August which sees selling; 1998, 2001 and also 2004 had really slow summers.