Daily markets review for 21/11/2007

The major Asian markets took another beating today with Nikkei futures down to close at 14765 (2.73%) at 1.30 PM, Kospi futures down to close at 228.20 (3.59%) at 1.05 PM and HangSeng futures down to close at 26482 (3.49%)at 3.15 PM.
My prediction for Kospi today was off by quite a lot. I didn't expect the Kospi to retreat as far as to below 230ish. It's Kospi's 5th day of consecutive retreat. For day trader, if you follow my guidelines in the morning, you should be able to get 3 successful trade today. One was at the open, if you buy it and hold for about 1hr, you should get your aim for a minimum of 50-200 pts. At around 9 AM, if you buy again at 234.00 when the Kospi retreated from its highest, you should be able to get another 50-90 pts before the Kospi plunged a lot further. The last trade was purely speculative, I personally did not dare to enter and sell Kospi at 235 because, my expectation was that the Kospi would not go down very far today. However, if you have a sell at around 10 AM, where Kospi was at 235, you can get more than 200 pts.
My predictin for HangSeng today was off too. HangSeng was the main drive for today's retreat for Kospi in my opinion. After HS market open, Kospi usually follows HS quite closely, in this case going downwards. HS opened abt 300ish pts lower and keeps breaking low to close the 1st session at 26683. My theory for 2nd session today however, was proven again. HS opened abt 300 pts below at 26397 and if you're a day trader and would like to follow my so called "fool-proof" HS 2nd session, you should sell at the open to get a quick 30 pts just in 2-5 mins time. HS however moved back up to around 26400ish before closing at 26482.
My 2nd session theory for HS was proven again today. My technique for Kospi to play at mid session around 8-10 AM was proven again today (especially good for day trader looking for quick and harmless profits).