Market Review for 23/11/2007

As expected, Asian markets are opened stronger today. Kospi was seen opened at 230.30 (0.6%) higher and for day trader who follow my target price and BUY in the morning, you should be able to get ur target of 50-100ish points within minutes. The downside is, it neve reached my safety net of 231.50+ and near 232. So, I got it in the morning and sit it out for the rest of the day and wait and see for the Dow tonight. True enough, for those who are brave enough, they would sell at 231 and get quite a lot of profit. Well, my target low was broken by Kospi by abt 300ish points below. As for HangSeng, it opened up at 26604. For day trader who follow my price target, they would sell at this point though coz it has in fact pierced my day high target price of 26600ish. It went down indeed to as low as 26167 and it went on a roller coaster ride before closing the 1st session at 26207. 2nd session opened at 26235 and my theory is proven again here, the HangSeng went back up and close the day at 26566. Today's target range for Kospi was not bad. It hit near my day high target but it went down further than expected from target day low. For HS, it hit my day high target but it didn't went down to hit my day low target. Overall, not a bad day for day trader today. You can get a minimum of 3 good chances from these 2 markets.