tag:blogger.com,1999:blog-8084606426992105990.post9115968090250604521..comments2023-10-29T06:32:19.009-04:00Comments on The Keystone Speculator™: SPX 30-Minute Chart 8 and 34 MA Cross Keystone Speculatorhttp://www.blogger.com/profile/15343512310307344717noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8084606426992105990.post-2424842946232192852013-06-13T12:27:24.781-04:002013-06-13T12:27:24.781-04:00thanks, KS!
In looking at the USD-JPY, it looks t...thanks, KS!<br /><br />In looking at the USD-JPY, it looks to me that the Yen may make a back kiss around the 98 - 99 level, which could then be an opportunity to short the DXJ.<br /><br />TW<br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-85817489913745860172013-06-13T11:48:51.681-04:002013-06-13T11:48:51.681-04:00Watch the Fibonacci retracements since price is re...Watch the Fibonacci retracements since price is respecting these levels. For DXJ, the 38% Fib is 45, the 50% Fib is 42.2 exactly where the bounce occurred, and the 62% Fib is 39.5. The 42-ish level may be an upcoming key test where price either bounces, or dies.Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-54992000006216141022013-06-13T11:44:29.572-04:002013-06-13T11:44:29.572-04:00TW, as always, you have to make your own decisions...TW, as always, you have to make your own decisions. DXJ simply moves the same as the NIKK (Nikkei), EWJ, and other plays so it really provides nothing new that other tickers all display. The Nikkei chart is not updated as yet so it does not show today's down leg like the DXJ does. Today's print is a matching low as compared to several days ago, but a bit lower is needed in price so the existence, or not, of positive divergence can be assessed. The Nikkei chart will likely be posted tonight to highlight its bear market. DXJ, NIKK and EWJ can all take a dead-cat bounce in here with some indicators positively diverged but the RSI is not oversold nor the money flow. The weekly chart is sick, very weak and bleak thus, anyone tempted to play the long side of Japan, put on your ballet slippers since you will be doing a twinkle toe dance to take some long profits on a quickie bounce before price is likely squashed again. The 41-42 area may provide an interesting point to consider long, or, if that fails, perhaps 37-39. The 80/20 rule may send it to 38 if 42 fails. If playing Japan long over the coming days stay very nimble and immediately take the profits if they appear.Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-76805940961233933682013-06-13T10:37:42.942-04:002013-06-13T10:37:42.942-04:00KS,
From a risk-seeker's perspective, does DX...KS,<br /><br />From a risk-seeker's perspective, does DXJ look like an interesting Buy at its current price level (around $43.36)?<br /><br />thanks,<br /><br />TWAnonymousnoreply@blogger.com