The opening comment indicates that the market is likely to be dominated today by investors waiting for a rebound. The market conditions section of Kabutan states that selling pressure is expected to emerge in the morning session.
The view expressed is that selling is likely to emerge during the opening phase as investors wait for a rebound. The assessment is that investors may continue to wait for signs of a short-term rebound while seeking direction through verkopen.
The Nikkei Average is shown at 64,338.84, down 803.94 points from the previous value. While indicators for US markets also point to a phase in which the decline is losing momentum, attention should be paid to trading trends in Europe and the US. The NY Dow is also listed at a closing price of 3,951.50, with a day-on-day change of ±0.?.
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