• Stops tripped sub-119.20 and 119.00 on way
  
  
• Likely to trigger below 118.85 100-DMA
  
  
• Some Japanese buying on way down but long liquidation flows sizeable
  
  
• Nikkei closes down 275.08 pts, 1.39% at 19,471.12, range 19,397.01-623.11
  
  
• Index backing away from 20k level, month/qtr/Japan fiscal year-end flows
  
  
• Next 118.85 suggests move into 118.19-73 Ichimoku cloud