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Edwood said:
its certainly looking promising for shorts Can - if we can take out the recent lows we could well be into big wave 3 down which will be fast & long if it gets going - definitely don't want to be standing in the way of it. In Aus we've retraced around 50% of the drop from the high so that could do it for wave 2. Only fly is there was some major pumping going on in Europe o/night, around 100bn EUR which could hold things up for a bit

On the US side I got an EW count o.night for S&P from one of the major European banks suggesting S&P is heading into the mid 1,300's. If that happens we should expect to see several hundred pts come off Aus in the process - i.e., 5,400 if not lower
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Interesting Edwood, i did a quick estimate and got 5500, but i thought it sounded to crazy to post! LOL!

thanks for the GAP info. What do you think the Aussie 200 will do on the open? Its already down alot.

Cheers,
 
CanOz said:
Interesting Edwood, i did a quick estimate and got 5500, but i thought it sounded to crazy to post! LOL!

thanks for the GAP info. What do you think the Aussie 200 will do on the open? Its already down alot.

Cheers,
Click to expand...

lots of pumping going on Can so it could be supported, but I think we'll get down there before too long. todays open I'll be looking for some retrace but not a lot maybe 30-50pts. However if 3 is underway then we could just continue on down - any longs on the open are pretty risky right now, better to be short like you are :). So an open bounce will be on a small position with mandatory stop
 
Hong Kong just lost thier futures exchange apparently. I'm in an open posi too....short....:eek:

Cheers,
 
doctorj said:
Come again?!
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Apparently they lost thier futures system...its down....IG said they can't get pricing from them, same for the H Shares...anyone know any different?

Cheers,
 
CanOz said:
Apparently they lost thier futures system...its down....IG said they can't get pricing from them, same for the H Shares...anyone know any different?

Cheers,
Click to expand...

Aug. 10 (Bloomberg) -- Hong Kong raised typhoon signal No. 8 as winds caused by a tropical cyclone strengthened, the Hong Kong Observatory said. The city's stock market closed at 2:45 p.m. instead of 4 p.m., Hong Kong Exchanges and Clearing Ltd. said.
 
trembling Hand said:
Aug. 10 (Bloomberg) -- Hong Kong raised typhoon signal No. 8 as winds caused by a tropical cyclone strengthened, the Hong Kong Observatory said. The city's stock market closed at 2:45 p.m. instead of 4 p.m., Hong Kong Exchanges and Clearing Ltd. said.
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Well this is just wucking fonderful.....i'm short 10 minis!

Lets just hope everything continues to tank and it gaps down when it reopens hey!

:(

Cheers,

This is where the GSL is worth it.
 
4% gap down. ouch!
 

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I thought the KOSPI was going to recover, but its testing those lows again!

USD/JPY at support and holding.

Cheers,
 
CanOz said:
I thought the KOSPI was going to recover, but its testing those lows again!

USD/JPY at support and holding.

Cheers,
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2nd bulletin that has come through today about an Asian exchange-

"Price limits have been reached on the korean exchange, and the stocks and options have been halted by the exchange for 15 minutes. They should resume @ 2:43 Seoul time. Futures are still open"

Very weird. The cash index and index options were still moving as if nothing has happened:dunno:
 
Heres the DJ weekly pivots and now a mid point as well...interesting how the futs are between the S2 and MP now....
 

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more madness from the kospi this morning

nearly 3% move down in just over half an hour:eek:
 

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trembling Hand said:
What the hell just happened to the Nikkei?
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make sure you are watching the reaction to the nikkei's sell off when the HSI opens in a few minutes. That's going to be brutal.

Anyone looked at the U.S futs? Dow off nearly 140 already. Looks like we are a good chance for another big gap down in the U.S tonight. Wonder if the cavalry have any money left to bid it up again??
 
professor_frink said:
make sure you are watching the reaction to the nikkei's sell off when the HSI opens in a few minutes. That's going to be brutal.

Anyone looked at the U.S futs? Dow off nearly 140 already. Looks like we are a good chance for another big gap down in the U.S tonight. Wonder if the cavalry have any money left to bid it up again??
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You messing that up Professor?
 

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