Asian market Review 03/12/2007

Asian markets today are seen to be mixed with Nikkei fell to 15680ish, Kospi rose up a bit to 242.95 while HangSeng fell almost 1% to 28595. Lack of direction from Dow was one of the reason for this movement, another is the fear of recession in the US which mounts higher. Some profit taking wasin place too coz the markets have had quite a nice rally last week. My target price range for Kospi was quite off today with my lowest is close enough at 239ish while my high target of 245ish is well off from 242.95. My apologiesto fellow day traders who followed my guide and BUY early in the morning and wait for 50-100ish pts profit. I myselftoo BUY at 242.30 near the open and had to wait till near the close time and I settled it at 242.90. For HangSeng, my target price range prediction had once again been quite off but this time my high target price is close enough at29100ish while HS moved lower than my low target price to 28585. I did a little gambling today with HangSeng 2nd sessionand SELL HS at 29000 in 2nd session. I saw tis opportunity and took it instead of following my usual 2nd session theory.I don't recommend this approach though and I did it just for the fun of it today coz I've been waiting for Kospi the whole day. Overall, today's market is quite tricky with small price range for Kospi and Nikkei, while HangSeng moved in an unexpected manner.