Wednesday, November 25, 2009

Japanese Stock Market Appears to Have Rolled Over

The freight train that is Ben Bernanke's printing press has made it difficult to short anything the world over... but one market that is acting very poorly is Japan.  Below is the iShares MSCI Japan (EWJ) index, and you can see it's been having a very tough time of late, breaking support and flailing around.  I am considering a short of this ETF, but am hoping to see a bit of a bounce as it has been "straight down" type of action for a while here.

No position

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