Asian markets review for 27/11/2007

As expected, the asian markets tumbled early in the morning today. The Nikkei opened down abt 300 pts at 14805 or 2.6% lower, the Kospi opened down abt 650 pts at 230.80 or 2.8% lower while the HangSeng opened down abt 1000 pts at 26762 or 3.5% lower. For day traders who followed my guide early in the morning and wait for the trend, where would it go from here after 1 hr of trading, you can easily get 100-200 pts depending at which point you enter coz, at around 8 AM, when I saw it at 230ish, I SELL and it kept breaking low to its lowest at 227.10. For conservative day trader like me, it's enough for 1 deal a day but for those who followed my guide again and speculate at 227ish, which is near my predicted lowest point of 226ish, they would BUY and just hold it until whichever target profit you'd want. You can easily get 500 pts within 1hr from 9AM, which was when the Kospi at 227ish. Those were the 2 biggest opportunities for the day and the other trades are purely speculative. If you're brave enough, you can SELL when the Kospi was at 237ish but, if I have a BUY position from 227ish, I'd rather liquid it and just smile for the rest of the day :)
For HangSeng, it's pretty much textbook material, when the futures market opened, the index just swing up and down 100ish pts from open. When the real HangSeng index opened, it started its rally and it reached its peak of 27571 after 2hrs from the futures market opened. That is almost 1000 pts rally up. For those day trader who followed my guide from the morning preview, the open price is just too good opportunity to be missed. at around 26600ish, it'd be more than safe to BUY and just wait out for a few minutes and you can get an easy 100ish pts, and if you wait further you'll get tons. My 2nd session theory holds again today, it opened higher at 27135 from 26910 and within minutes, you can easily get 150ish pts.
Overall, my target prices today for Kospi is quite a lil bit off but it's all good, it went down close to 226 but it went much higher from 234ish. As for HangSeng, I kinda hit the spot today with the lowest was at 26599 and its highest was at 27571.
Cheers fellow Day traders... :)