Asian Market review for 26/11/2007

As expected, the Asian markets opened strongly following the strong close from the Dow last Friday and after the retail sales in the US showed that they're not that bad and people are still spending for the holidays season. The Kospi opened at 228.95 and if you follow my advice and wait and see where the market is actually going, you can get a great chance in locking quite a profit today. I, myself get into position after 1hr and when I get 230. It's purely speculative and did not dare to wait for long. I didn't expect the Kospi to rise up to 237ish by today but the it is still healthy seeing that the market has been pummeled all week long for the past 8 sessions. Same thing happened with HangSeng, it opened at 27389, retreat back a bit to 27331 before going back up and play around 27400-27500ish to close the 1st session at 27445. 2nd session saw HangSeng opened at 27505 and according to my 2nd session theory, it's again proven and HangSeng move up further to close the day at 27725. Overall, not a very bad trading day for day traders. It is purely speculative to enter the market for BUY, but if you have SELL near its highest for each markets, just wait it out till tomorrow and I think it'll get to that point again.