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Asia down and Dow futures flat to down - Looks like a red open for the JSE today

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Ninja
Super Contributor
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22 REPLIES 22
gleamin
Contributor
Hi Ninja, CNBC reporting Dow futures up 372 points............wheres your source of data from?
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Ninja
Super Contributor
Bloomberg live - Dow Futures down .2%, S&P down .17%, Nasdaq down .24%, Nikkei down 80 points
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gleamin
Contributor
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Not applicable
agree with you ninja, euro dollar at 1.283 shows on red down open
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platsak
Super Contributor
Pullback had to come. As long as we dont give back all the gains of the last few days and the market forms some sort of bottom.
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Wizard
Super Contributor
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gleamin
Contributor
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Not applicable
EUR is key ! sitting at 128 levels again, hmmm possible H/S on hour chart Dollar breaks 128 level we drop !!!
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DR_1
Super Contributor
It should go down today, people need to lock in gains over the week. Its been an excellent week with gains of up to 30%, so some down side is expected. Looks like good down ward movements on the NIKKEI this morning, about 2 % down, dow futures down by 0.3-0.3%.
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_nova
Super Contributor
yup, agree with Hennie, the EURUSD and EURJPY is key for Europe and our market. If 1.28 breaks convincingly then the DOW will tumble. At 1.28 the DOW futures are going to remain flat. I reckon 1.28 will go and we'll likely test the 1.2350 low
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Ninja
Super Contributor
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Wizard
Super Contributor
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_nova
Super Contributor
If I didn't know better I'd call it a conspiracy. The EUR losing ground like that just before we open. Anyway, expect the EURUSD to test 1.2350 today. DOW futures are going to drop like a rock
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_nova
Super Contributor
EURUSD Fibo's are at 1.2700 (38.2%), 1.2571 (25%) and 1.2350 at zero
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_nova
Super Contributor
1.27 fibo holding. We'll probably go sideways now or bounce a bit but into the US open could see us below 1.27
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_nova
Super Contributor
BOJ is fast losing credibility. Nikkei drop is on the back of the BOJ rate cut. This is not good at all.
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Not applicable
YESTERDAY dj classic shooting star more like death star guess the bears waking up
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