Asian market Preview for 26/11/2007

With the Dow closed Friday's session 181.84 pts (1.42%) higher, gold at $820ish level and crude oil back above $98ish, the stage for a rebound in the Asian markets are set. The Nikkei futures are closed at 15020 on CME, which is sharply higher than the close of 14770 set on SGX on Thursday before the Friday's holidays. For Kospi, I expect it will rebound quite strongly since it has gone down very far for the past 2 weeks. It might opened up about 1.5% higher at the open at around 226ish-227ish. If the Kospi should opened up around the lower part of 226 or still in 225 region, it's safe enough to BUY and get a somewhat quick profit for day traders. However, if it opened up at above 228, it'd be best to sit out and wait to see where the trading pattern would go after 1 hour. My target price range for the Kospi today would be 226ish-232ish depending on how strong the market will be and how serious the rebound will take place for the Kospi. Also, it'll be good to wait and see the HangSeng market for directions if you're not sure which position to enter when the HangSeng market open.
For the HangSeng, a further upside will be expected too, again for day trader if the market opened up in the lower part of 1%, it'd be a best early BUY for a quick profit for day traders. My target price for HangSeng would be around 26800ish-28000ish. However, I have to tell you day traders, I'm more familiar with the Kospi rather than HangSeng coz so far, I've more equipped to track the Kospi rather than Nikkei and HangSeng.