Archive | October 28, 2008

Finally, a Nikkei bottom?

By on October 28, 2008 in Market Summary, Sentiment

After four days of massive hemorrhaging (over 2,100 points lost), the Nikkei 225 bounced back in an afternoon session rally that gained momentum into the close. The N225 gained 6.4% (459 points) to close at 7,621. In early trading it wasn’t clear a positive close would happen — the N225 fell through 7,000 at one [...]

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