Short Term Trading Member Forum

[Blackbelt1]

The worldwide 80-week melt *may* be beginning with the Nikkei now down 545 points. If you look at the $NIKK, $TSE, $FTSE, $CAC, and $DAX, you will see a worldwide absence of an 80-week low. In fact, some exchanges such as the $TSE show virtually no dip at all at the New Year.

That the Hurst analysts would now point to a fundamental cause of the Nikkei melt makes me smile. In my opinion, it was due, and will soon find a reason (fundamental or otherwise) to spread around the globe.

BB