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KOSPI forecast for coming week ended 14th September, 2012.

KOSPI’s move in the last day is forcing me to move away from reverse symmetrical triangle. As now it is important for Kospi that it must stay above around1910 so that it can go upside. Even if it gets down in early days there is a chance of up moves in later days of the coming week, in fact in the early days it may remain flat. I will be talking about a new trend when it breaks 1950 level in the upside.

Here I must say that if Kospi failed to break levels above 1950 then there is a chance that kospi may create a short-term bearish pattern which may take Kospi around 1800 level. But this pattern is in its early stage so it needs some more time to prove. 1870 level is very important to look in the downside.


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