(02-05-2018 05:57 PM)Kittonhead Wrote:  

(02-05-2018 04:43 PM)aTxTIGER Wrote:  NIKKEI is gonna open down 8% tonight. Tomorrow is gonna open down another 2% isnt it?

I'd play it cautious until at least 9:40. The first 5-10 minutes at open price will flux widely. It may not be as ugly as you'd think tomorrow.

That way you've got a trend line for the day clearly established on the 2 minute chart.

Then I'd get out at 10:40 once the damage has done its course and a dead cat bounce starts forming.

If I'm looking at AMZN's chart it looks like a drop n' pop where it might test 1320 at the open and be within a few points of the previous days close by 9:45. Once its bounces back up and hits a double top then its safe to short it.

RE Nikkei...Japanese can't catch a break. I think the Nikkei has been horrendous barring 2 really good years since the year 2000.