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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.


* If the dots don't connect, gather more dots until they do...or, just follow the $$$...





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Sunday, August 07, 2011

Japan's Nikkei 225 Futures Index (NKD) at March 2009 Levels

Japan's Nikkei 225 Futures Index (NKD) opened down tonight at 9150 and is currently trading at 9125...a level that it was trading at by the end of March 2009 as shown on the Weekly chart below. A solid break and hold below this level, and below the pivot point of the March 14, 2011 weekly candle at 9092, would have me concerned about any short-term value in this futures index...I wouldn't be surprised to see the YM, ES, NQ & TF follow a further move downward (from tonight's open and lows so far) if that were to happen on the NKD.