January 17, 2006

Nikkei mini crash

It does not matter what the news really is - panic is panic. i have neen talking about taking profits in tech and the japan index for a few weeks.

If you didn't, the last few days in japan have seen months of gains taken away and the Nasdaq will be the same in the morning.

I like japan down here again and will nibble on EWJ in the morning.

This could be the last big selloff in the Nikkei for a while. A close below 13,000 would change my mind.

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