Swing High – On The Old Nikkei

Most of you know that I follow Japan as a leading indicator right?

It’s not at all uncommon to pull prophecy from “Krystal Kong Balls” seeing what happens in Japan overnight spill into U.S equities the following morning.

Would I have told any day trader in U.E Equities that “today” would open lower? Absolutely.

Would I suggest that 15,000 in Nikkei and it’s clear rejection at that level will usher in the coming correction? Absolutely.

Will you take any interest in this, and possibly “learn something” or perhaps consider this in your trading / investing moving forward?

Absolutely not. I highly HIGHLY doubt, that the ramblings of some gorilla as to the peaks and valley’s in “some stock market” far,far away will have any impact on you and your trading what so ever.

Why?

Because you won’t open yourself to change. You “can’t believe” anything like this is relevant, let alone “possible” as you continue to view the world via CNBC and the hordes of “financial bloggers” regurgitating the same nonsense and “predictions” day after day.

I’m buying a bunch of EURO here today and am selling a whole bunch of USD too but I’m sure “that” makes no sense to you either right?

Here’s the symbol for The Nikkei should you crawl decide to crawl outside your hole: $nikk

 

 

 

7 Responses

  1. Anonymous June 10, 2014 / 9:14 am

    Kong, don’t sell yourself short my friend

    • Forex Kong June 10, 2014 / 9:16 am

      He he he…..thnx.

      Perhaps it’ the general public I’m selling short no?

      Have faith Kong. One day you will look back on this….and see that it was worth the effort.

      One day!

  2. Fuzzybid June 10, 2014 / 5:19 pm
  3. schmederling June 10, 2014 / 9:48 pm

    Hey Dr. Kong….

    Just dropping in….. Long Aussie for a while here again…. OIL & PM’s as well… Fed surprise just a gut feeling here a new program perhaps? Something gonna change the game…. weekly positive fires in the SP & Dow playing out here for a top out!!

  4. schmederling June 10, 2014 / 9:53 pm

    Hey Dr.Kong…

    Just dropping in… .my post seem to not make it…. so this is a repeat… LOL

    Long the Aussie here still for a while…. long Oil & PM’s…. Fed to tweak things here I think… something gonna change really soon IMO…. I have weekly positive fire in SP & DoW last week…. playing out currently for a blow off top IMO… something again gotta give… DXY & Stocks rolling over… the start of the end.. or do they hyperinflate this beats if not there already..

    Back after a little break… all the best Schmed!

  5. schmederling June 10, 2014 / 9:56 pm

    LOL just looked at the Labor PP rate… 35 year lows but un-employment @ 6.3 % really …. I have tracked the PP rate over jobs numbers for a long time now… very telling IMO…. here’s a great link….. for some data… sharing with the group… maybe you can share over at the paid site…..
    http://data.bls.gov/pdq/SurveyOutputServlet
    All the best Schmed,

  6. Joe June 10, 2014 / 11:32 pm

    Does not look good for the EUR you’re trying to catch the knife!

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