Nikkei 225 - post today's action

I updated this (50x3 closing chart) myself post today's 10% move down - grim!

Sometimes when you get long tails down like this you can get a market bounce. The tactic would be to wait for a 3 box reversal to the upside, then go long but with a stop loss just below the current level. But that would be a high risk trade in Japan at present and its certainly not my recommendation. Until the nuclear reactors are brought under control, the uncertainty will undermine the index, in much the same way as it did for BP's share price last year -it only stabalised when they capped the Macondo well.